News Snapshot:
July 10, 2020 22:48 IST Updated: July 10, 2020 23:03 IST Central bank cuts holding in the wake of Centre’s curbs on Chinese investments People’s Bank of China (PBOC), the country’s central bank, has cut its stake in mortgage lender Housing Development Finance Corp. Ltd. in the quarter ended June 30, according to shareholding data filed by HDFC with the stock exchanges. The Chinese central bank, which had held a 1.1% stake in the Indian lender at the end of the March, reduced its holding to less than 1% during the April to June quarter, a period which coincided with...
