The Royal Bank of Scotland N.V. London branch has acquired 56,250,000 shares constituting 5.37% stake in the country’s largest lender Housing Finance Development Corporation (HDFC). The mode of acquisition is through pledge of shares.
HDFC offers a whole gamut of products like home loans, home improvement loans, home extension loans, home equity loans, etc. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services, etc.
