HDFC's US$ 40 Billion Deal May Face Regulatory Hurdles Due to Insurance Operations

KONTAN.CO.ID - MUMBAI. India's largest private lender HDFC Bank's US$ 40 billion acquisition of its biggest shareholder, could face regulatory hurdles due to the stake it would give the bank in the insurance sector. Analysts said.
Sources told Reuters last year that the Reserve Bank of India, which acts as regulator for the financial industry, wants banks to limit ownership stakes in insurance companies.
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