 "hdfc bank")
HDFC Bank has written to the Reserve Bank of India (RBI) asking for permission to hold either the 47.82 per cent stake that HDFC Ltd currently owns in life insurance subsidiary HDFC Life or allow it to buy additional stake in the company from the market such that it increases its holding to 50 per cent.
Deepak Parekh, chairman of HDFC, said: “The RBI rule says either you have above 50 per cent or 30 per cent, and we are at 48 per cent in our life insurance subsidiary. So, we have taken up the matter with RBI and we
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