Central Bank of India plans to exit housing finance subsidiary

The bank holds 64.40 per cent in the unlisted housing finance company, while the remaining stake is held by Housing & Urban Development Corporation (HUDCO), Unit Trust of India (UTI) and National Housing Bank (NHB). The bank is facing operational curbs under the Reserve Bank's (RBI) prompt corrective action (PCA) framework.

from Banking/Finance-Industry-Economic Times https://ift.tt/2uo7INN