RBI Clears Decks For Piramal Takeover Of DHFL

Piramal Group has received clearances from the Reserve Bank of India to take over Dewan Housing Finance Corporation Ltd., two people in the know said.The regulator has cleared the Ajay Piramal-led group under its ‘fit and proper’ framework, the people said on the condition of anonymity. It has also given a no-objection certificate for change in ownership of DHFL, they said.The banking regulator, however, has said that the deposit-tak...