HDFC twins merger: What does the merger mean for depositors and borrowers?
HDFC and HDFC Bank's $40 billion merger will create India's second-largest financial institution by assets
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HDFC twins merger will create India's second-largest financial institution by ASSETS after the country's top lender State Bank of India (SBI).
The merged entity having a combined asset base of around ₹18 lakh crore.
HDFC-HDFC Bank merger likely to be effective July 1, Deepak Parekh says
The boards of HDFC and HDFC Banks are set to meet after hours on June 30 to go ahead with the merger following approvals from requisite regulatory bodies, HDFC chairman Deepak Parekh said on Tuesday.
Post the merger, HDFC Bank will become the tenth-largest bank in the world according to business standard...
HDFC, HDFC Bank merger effective July 1; HDFC shares delisting on July 13
Deepak Parekh said that HDFC Bank has assured them that "each and every employee of HDFC under age of 60" will be absorbed and their salaries will not be reduced
Now HDFC becomes too too BIG to fail... and may contribute to further worsening of customer service....
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