Hdfc Merger

HDFC Bank MD Jagdishan unapologetic about the decision to proceed with the merger

The merger, finalized on April 4, 2022, is considered the largest transaction in the history of Indian corporations.

HDFC Bank plans to enhance deposit growth through personalised customer experiences, says Atanu Chakraborty

Chakraborty's remarks come at a time the banking sector is experiencing sluggish deposit growth, partly due to the increasing attractiveness of alternative investment options for household savings.

HDFC-HDFC Bank merger: Changes to be seen in various BSE indices

Passive flows on account of merger will be neutral, said a note from IIFL Alternative Research

Moneycontrol Selects: Top stories this evening

Our specially curated package of the big stories to help you stay at the top of your game.

HDFC Bank expects healthy growth across segments in next 5-6 years: Chairman Atanu Chakraborty

Chakraborty also said that the bank will see fast growth with its wide branch network and the fast growing Indian economy

HDFC-HDFC Bank merger: As an era comes to end, senior HDFC employees walk down memory lane

Most HDFC employees recalled the struggles of selling home loans in the early days when the product wasn't popular. In fact, Chairman Deepak Parekh also agreed and narrated a story: “Our first home loan was of Rs 30,000. We took photographs of the customer with his house and that was the cover picture of our first annual report.”

Banking Central | India’s big banks get bigger, gear up to take on global giants

Are bigger banks good or bad? That’s subject of an old debate. To think, ‘bigger is safer’ is a misconception. We have enough evidence as seen during multiple economic crises.

How HDFC and HDFC bank multiplied the wealth of MF investors

Believing in the long-term growth story of HDFC and HDFC bank, many fund managers held these stocks in their portfolios for long term, irrespective of the market gyrations

HDFC-HDFC Bank Merger: All you need to know about its impact on home loan customers

Post the merger of HDFC and HDFC bank, borrowers may have several queries regarding their existing or sanctioned home loans. Here are the answers to some of their key concerns.

HDFC-HDFC Bank merger | All you need to know about the impact on depositors

Post-merger of HDFC-HDFC Bank, depositors would have several queries relating to terms and interest rates of existing deposits with HDFC, renewal of FDs, terms for premature withdrawal, submitting Form 15 G/H, TDS certificates, and more. Here are answers to some possible queries from depositors.

With Rs 14.7-lakh-cr MCap, HDFC-HDFC Bank united to outgrow top 4 private, 13 PSU lenders

Currently, July 1 is the tentative date for the completion of the merger of HDFC Ltd with HDFC Bank. The tentative record date is July 13. Both entities are moving closer to completing all the formalities.

HDFC says July 13 delisting date is 'tentative'

Once the deal is complete, HDFC shareholders will get 42 shares of HDFC Bank for 25 shares held, based on the share-swap ratio announced in April last year

HDFC Bank may pick Arvind Kapil to lead home loans after merger

If he gets the role, Kapil will lead a mammoth mortgage business, that currently includes gross individual loans of Rs 5 lakh crore ($61 billion) at HDFC and over Rs 1 lakh crore at HDFC Bank, according to the firms’ latest financial statements.

Exclusive| HDFC's 90% of short-term loans to corporates, realtors matured ahead of merger

As per Reserve Bank of India rules, these loans are not allowed for banks. Hence, HDFC Bank, in June 2022, asked its parent company to cut exposure to these loans.

HDFC Bank to take No. 1 slot in home loan market after HDFC merger

The merger, expected to be completed by July, will change the rankings in India’s home loan market and push State Bank of India to second place.

RBI allows HDFC Bank to hike stake in HDFC Life, HDFC ERGO to more than 50%

The merger between HDFC Bank and HDFC is expected to complete by July 2023.

HDFC to complete its merger with HDFC Bank by July

India’s largest housing finance company HDFC Ltd will merge with country's largest private sector lender HDFC Bank to create a financial behemoth

MC Exclusive| HDFC’s Keki Mistry: Cross selling housing loans growth stronger in the bank

The penetration of the housing finance market is just 11 percent in India and there is potential to grow to 20 percent, Mistry said.

HDFC Q2 – Steady performance, all eyes on merger

The mortgage financier saw robust growth in retail loans, while credit costs were lower. Asset quality improved too, though margins declined.

Nifty rejig: Another Adani group firm knocking on the door; shares worth Rs 2.4K crore may change hands

Adani Enterprises is likely to replace Shree Cement that can result in buying and selling of Rs 2,400 crore worth of shares, an ICICI Securities note has said

Need shareholders support more than ever before: Deepak Parekh on HDFC twins merger

HDFC announced its merger with HDFC Bank on April 4. HDFC will acquire 41 percent stake in HDFC Bank through the transformational merger, according to an exchange filing by the non-bank lender.

HDFC-HDFC Bank Merger: It was only a question of when, says TT Srinivasaraghavan

The banking landscape has changed dramatically with the merger of India’s biggest mortgage financier and biggest private sector bank by asset size. Yet, NBFCs have no reason to fret; they have the knowledge required to assess, lend and collect loans from their customers. Skills built, in many cases, over generations, says TT Srinivasaraghavan, former MD of Sundaram Finance.