HDFC sells further 4.22% stake in Gruh Finance for RS 899 crore

Mortgage lender HDFC has sold over 4.22% stake in subsidiary Gruh Finance Ltd (Gruh), which is proposed to be amalgamated with Bandhan Bank for ?899.43 crore. Post the completion of the aforesaid sale of shares, Gruh would cease to be a subsidiary of the Corporation.

Gruh is engaged in the business of providing home loans and is registered with the National Housing Bank as a housing finance company.

RBI asks banks to grout ATMs to wall, pill or floor to enhance security

The Reserve Bank on Friday asked banks to ensure their ATMs are grouted to a wall, pillar, or floor by September-end, except those installed in high secured premises such as airports, to enhance security of the cash vending machines.

In 2016, the RBI had set up a Committee on Currency Movement (CCM) to review the entire gamut of security of treasure in transit.