Article: INDIA'S RBI CLEARS HSBC'S ACQUISITION OF 14.71% IN UTI BANK.

MUMBAI, May 28 Asia Pulse - The Reserve Bank of India has cleared Hongkong and Shanghai Banking Corporation's acquisition of 14.71 per cent stake in UTI Bank (BSE:UTBK) from CDC.

"We have received the letter from RBI approving the acquisition of 14.71 per cent stake in UTI Bank," an HSBC spokesperson said here Thursday.

HSBC Asia Pacific Holdings (UK), a wholly-owned subsidiary of HSBC, in December last entered into an agreement ...

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