Reliance News


HDFC Breaches RBI limits on Loans to RIL

New Delhi: HDFC Bank’s single borrower limits prescribed by the Reserve Bank of India (RBI) in the case of credit exposure to the corporate giant Reliance Industries Ltd (RIL). The private sector lender, however, said its board approved “the excess in respect of this exhibition”, and was within the ceiling of 20 percent of capital funds. The central bank has set a maximum limit of...