Capital Advisors, a wholly-owned subsidiary of HDFC
Ltd, has achieved the initial close of its second affordable housing fund, the HDFC
Capital Affordable Real Estate Fund - 2, with the support of the Abu Dhabi Investment Authority (ADIA).
International Life and Re Company Limited (HDFC
International Life & Re), a wholly owned subsidiary of HDFC
Life, has received a license from the independent regulator, Dubai Financial Services Authority (DFSA) to operate in the DIFC, the first Indian reinsurance firm to do so.
An eminent panel of jury adjudged and recognized HDFC
Life for its contribution towards their unique customer service initiatives and product innovations across the industry.
ERGO General Insurance Company Limited is a 74:26 joint venture between HDFC
Limited, India's premier Housing Finance Institution and ERGO International AG, the primary insurance entity of Munich Re Group.
"We have already raised Rs50 million premiums in past three months and are confident to gain up to five per cent share of 1.7 million NRI population in the UAE," Anup Rau, executive vice-president and head of sales and distribution, HDFC
Life, told Khaleej Times on the sidelines of a Press conference.
Indian banks will take a cautious approach while lending to microfinance institutions and will lend to viable companies to avoid liabilities, Dow Jones has reported, citing the chief of HDFC
Bank Limited (500180.BO) (HDFC
.NS) (NYSE: HDC).
Bank saw an inflow of Rs 4,000cr when its parent HDFC
exercised warrants issued in June, 2008.
BankMuscat said on June 16 it planned to sell its remaining 0.5 per cent in HDFC
Bank, IndiaEoe1/4aos third-biggest lender by market value.
As part of HDFC
Affordable Real Estate and Technology Programme (HeART), HDFC
Capital will provide a platform to real estate technology companies with innovative products aimed at creating efficiencies and lowering costs in each part of the development cycle.
The RWN, first placed in August 2017, has been maintained pending a capital infusion from the Sri Lankan state (B+/Stable) to help HDFC
Bank meet the LKR5 billion minimum regulatory capital requirement.
The partnership with Sanasa Insurance Company Limited will provide the HDFC
Bank's loan customers with products and services beyond the normal loans.