HDFC Bank-HDFC Merger: Check Combined Size, Profit, Weightage On Stock Indices, Headcount
1 year, 5 months ago

HDFC Bank-HDFC Merger: Check Combined Size, Profit, Weightage On Stock Indices, Headcount

News 18  

The boards of directors of HDFC Bank and HDFC have cleared the proposal of their merger. Here’s the combined company’s size, profit, employee count, and weightage on stock indices: HDFC Bank-HDFC Merger: Market Valuation The merger of HDFC Bank and HDFC creates a lender that ranks fourth in terms of equity market capitalisation in the world, behind JP Morgan Chase & Co., Industrial and Commercial Bank of China Ltd and Bank of America Corp, according to data compiled by Bloomberg. HDFC Bank-HDFC Merger: Total Business The total business of the merged entity stood at Rs 41 lakh crore at the end of March 2023. HDFC Bank-HDFC Merger: Total Customers, Branches, Employees All employees of HDFC Ltd become HDFC Bank employees. Post-merger, the key HDFC Bank subsidiaries include HDFC Securities Ltd, HDB Financial Services Ltd, HDFC Asset Management Co Ltd, HDFC ERGO General Insurance Co Ltd, HDFC Capital Advisors Ltd and HDFC Life Insurance Co Ltd.

Financial Services Financial Services Bank Hdfc Bank Merger Hdfc Combined Hdfc Limited Hdfc Ltd Weightage On Stock Indices  size  combined  bank  indices  bankhdfc  headcount  profit  hdfc  shares  rs  total  stock  weightage  services  check  merger  financial

History of this topic

HDFC Bank Hits Milestone With Market Cap Surpassing Rs 14 Trillion
3 weeks, 5 days ago

HDFC Bank Hits Milestone With Market Cap Surpassing Rs 14 Trillion

ABP News  

HDFC Bank, India’s largest private sector lender, achieved a significant milestone as its market capitalisation crossed the Rs 14 trillion mark for the first time during Thursday’s intra-day trading on the BSE. The bank's shares soared to a record high of Rs 1,832.75, gaining 1.2 per cent in intra-day trade. Outperforming the Market Over the past six months, HDFC Bank’s …

HDFC Bank shares hit all-time high above Rs 1,800 amid MSCI rebalancing
4 weeks, 1 day ago

HDFC Bank shares hit all-time high above Rs 1,800 amid MSCI rebalancing

New Indian Express  

MUMBAI: Shares of HDFC Bank, India’s largest private sector lender, surged above the Rs 1,800-mark to hit a fresh all-time high of Rs 1,803.55 on Monday, driven by a surge in trading volumes following the implementation of the Morgan Stanley Capital International November rebalancing. Since the reverse merger with its parent company, HDFC, in July 2023, HDFC Bank's stock had …

HDB Financial Services: Japan-based MUFG to acquire 20% stake in HDFC Bank’s non-banking arm at close $10 bn valuation
8 months, 1 week ago

HDB Financial Services: Japan-based MUFG to acquire 20% stake in HDFC Bank’s non-banking arm at close $10 bn valuation

Live Mint  

The Bank of Tokyo-Mitsubishi UFJ is getting ready to acquire a 20 per cent stake in HDB Financial Services, a non-banking subsidiary of HDFC Bank, at a valuation of $9-10 billion, according to a report by the Economic Times. HDFC Bank, the country's largest private lender, currently owns around 95 per cent of HDB Financial Services, with the remaining 5 …

Why HDFC Bank shares are rising today after Q4 gross advances, deposits grow
8 months, 2 weeks ago

Why HDFC Bank shares are rising today after Q4 gross advances, deposits grow

Hindustan Times  

HDFC Bank share price today: The share price of HDFC Bank gained almost 3% today after the bank reported 55.4% year-on-year growth in gross advances to ₹25.08 lakh crore as of March 31, 2024, from ₹16.14 lakh crore as of March 31, 2023. The bank’s advances grew by around 53.8% over March 31, 2023 and around 1.9% over December 31, …

HDFC Bank receives RBI approval to sell stake in HDFC Credila
9 months, 4 weeks ago

HDFC Bank receives RBI approval to sell stake in HDFC Credila

Live Mint  

HDFC Bank said that it has received approval from markets regulator Reserve Bank of India to offload 90 percent of HDFC Credila’s total issued and paid-up share capital. The company said in an exchange filing, “ This is in connection with our earlier intimation dated June 19, 2023, wherein we had informed that erstwhile Housing Development Finance Corporation Limited had …

HDFC Bank sees double-digit growth in home loan business post merger
10 months, 1 week ago

HDFC Bank sees double-digit growth in home loan business post merger

The Hindu  

HDFC Bank on Thursday said that its home loan business had witnessed healthy double digit growth post merger of HDFC Ltd with itself. “The home loan business experienced stable and healthy double-digit year-on-year growth for two quarters, ending December 31, 2023,” Arvind Kapil, Country Head- Mortgage Banking, Home Loan, LAP & HDFC Sales, HDFC Bank said at a briefing. “Further, …

India's HDFC Bank Sees Period of Consolidation as it Absorbs Mega Merger : Sources
10 months, 4 weeks ago

India's HDFC Bank Sees Period of Consolidation as it Absorbs Mega Merger : Sources

News 18  

HDFC Bank, India’s largest private sector lender, will take 4-5 years to fully digest its merger with its parent last July but expects to restore a key financial metric to pre-merger levels at the end of that period, two sources familiar with the bank’s thinking said. The lender’s quarterly earnings last week prompted a sharp 15% decline in the stock, …

HDFC Bank's Home Loan Portfolio Rises To Rs 48,000 Crore In Q2 Post-Merger With HDFC
1 year, 2 months ago

HDFC Bank's Home Loan Portfolio Rises To Rs 48,000 Crore In Q2 Post-Merger With HDFC

ABP News  

HDFC Bank's approved home loans amounting to Rs 48,000 crore during the July-September quarter of the financial year 2023-24. In the second quarter, the bank's retail loan portfolio saw an 85 per cent surge compared to the previous quarter and a significant 111.5 per cent increase over the same period last year. This reflects a 4.9 per cent increase over …

HDFC Bank readies home loan strategy after the merger
1 year, 3 months ago

HDFC Bank readies home loan strategy after the merger

Live Mint  

MUMBAI : Following the merger with Housing Development Finance Corp., HDFC Bank is gearing up for the festival season, eyeing a 20% plus year-on-year growth in home loan disbursals in the three months through September. As a second step, HDFC Bank is in the process of substantially reducing the turnaround time for home loan customers. However, the bank is planning …

HDFC Bank enters $100 billion m-cap club, fails to pip TCS as number 2 stock
1 year, 5 months ago

HDFC Bank enters $100 billion m-cap club, fails to pip TCS as number 2 stock

Live Mint  

HDFC Bank, the largest private lender in the country, has achieved a new milestone of entering the $100 billion market-capitalisation club after its reverse merger with its parent HDFC Ltd. However, on the Indian bourses, HDFC Bank still lags behind oil-to-telecom conglomerate Reliance Industries and IT major Tata Consultancy Services, sitting on the third position with a market cap of …

Five changes that will take place after HDFC’s exit from bourses
1 year, 5 months ago

Five changes that will take place after HDFC’s exit from bourses

Live Mint  

Housing Development Finance Corporation merged with its subsidiary HDFC Bank on July 1, 2023, following which shares of HDFC ceased to exist on bourses from Thursday, July 13. Shrey Jain, Founder and CEO of SAS Online - India's Deep Discount Broker pointed out that following its merger of HDFC and HDFC Bank, the latter's weightage in the Nifty50 has surged …

HDFC Merger: A Gamechanger For NBFCs And Borrowers? Here's All You Need To Know
1 year, 5 months ago

HDFC Merger: A Gamechanger For NBFCs And Borrowers? Here's All You Need To Know

ABP News  

By Ashish Kukreja India's biggest private lender, HDFC Bank, has merged with the largest mortgage lender, Housing Development Finance Corporation. At the end of the financial year 2022, HDFC Ltd had a loan book of Rs 5.68 lakh crore, while HDFC Bank had a loan book of Rs 13.69 lakh crore. During the Monetary Policy Committee meeting, RBI Governor Shaktikanta …

IDFC To Merge With Its Banking Arm IDFC Bank In All-Stock Deal, Stock Rises
1 year, 5 months ago

IDFC To Merge With Its Banking Arm IDFC Bank In All-Stock Deal, Stock Rises

ABP News  

Days after the amalgamation of the HDFC Bank and HDFC, IDFC First Bank has announced merger of its parent IDFC Ltd with itself in an all-stock transaction, marking another major deal in the Indian banking space. The share exchange ratio will result in a premium of about 20 per cent on the closing market price of the shares of IDFC …

HDFC Bank completes merger formalities, rebrands HDFC Ltd. offices, branches
1 year, 5 months ago

HDFC Bank completes merger formalities, rebrands HDFC Ltd. offices, branches

The Hindu  

HDFC Bank Ltd., on July 1, said that the Composite Scheme of Amalgamation for the merger of HDFC Investments Limited and HDFC Holdings Limited, the wholly-owned subsidiaries of the Housing Development Finance Corporation Limited with and into HDFC Limited; and HDFC Limited, with and into HDFC Bank Limited has become effective from July 1, 2023 with the all the entities …

HDFC-HDFC Bank Merger: How Will It Impact Customers?
1 year, 5 months ago

HDFC-HDFC Bank Merger: How Will It Impact Customers?

News 18  

The HDFC-HDFC Bank merger, which has become effective from Saturday, July 1, is termed as the biggest transaction in the history of India Inc. HDFC-HDFC Bank Merger: Impact On Home Loan Account Number After the merger, your home loan account number will not be impacted and will remain the same. HDFC-HDFC Bank Merger: Impact On HDFC Ltd’s Loan Portal And …

HDFC Bank HDFC merger: What this twins merger mean for Indian stock market?
1 year, 5 months ago

HDFC Bank HDFC merger: What this twins merger mean for Indian stock market?

Live Mint  

HDFC Bank HDFC merger: Following the reverse merger, Housing Development Finance Corporation Ltd. is going to merge with its subsidiary HDFC Bank on 1st July 2023. Hence, trading window in HDFC Ltd will remain closed from Monday next week and it will remained closed till HDFC Bank HDFC merger record date, which is fixed on 13th July 2023. To understand …

HDFC to merge with HDFC Bank today, biggest transaction in history of India Inc
1 year, 5 months ago

HDFC to merge with HDFC Bank today, biggest transaction in history of India Inc

Deccan Chronicle  

New Delhi: Housing finance major HDFC will merge with its subsidiary HDFC Bank on Saturday as their respective boards have cleared the proposal on Friday. The board has fixed July 12, 2023, for the transfer of non-convertible debentures while July 7 for the transfer of commercial papers of HDFC Ltd in the name of HDFC Bank. Termed as the biggest …

HDFC Ltd, HDFC Bank Ltd. boards approve merger
1 year, 5 months ago

HDFC Ltd, HDFC Bank Ltd. boards approve merger

The Hindu  

HDFC Bank Ltd. on Friday announced the completion of merger of Housing Development Finance Corporation Ltd. with itself, following the receipt of all requisite shareholder and regulatory approvals. Pursuant to the share exchange ratio as per the merger scheme, HDFC Bank will issue and allot to eligible shareholders 42 new equity shares of the face value of ₹ 1 each, …

HDFC-HDFC Bank Merger: New Entity To Become World's 4th Largest Bank
1 year, 5 months ago

HDFC-HDFC Bank Merger: New Entity To Become World's 4th Largest Bank

News 18  

The merger of HDFC Bank and HDFC will lead to the creation of one of the most valuable banks in the world. Valued at $172 billion, the merged entity will be the fourth biggest bank in the world after JPMorgan Chase, Industrial and Commercial Bank of China, and Bank of America, according to the report. Termed as the biggest transaction …

HDFC Bank-HDFC merger in effect from July 1, to become one of world's most valuable banks
1 year, 5 months ago

HDFC Bank-HDFC merger in effect from July 1, to become one of world's most valuable banks

India TV News  

HDFC Bank-HDFC merger: The merger of the HDFC Bank and the Housing Development Finance Corp will be completed on July 1, making HDFC Bank one of the world's most valuable banks. According to HDFC Group Chairman Deepak Parekh, the boards of HDFC Bank and HDFC will schedule a meeting on June 30 after market hours. If a customer wants to …

HDFC denies Deepak Parekh’s comments on effective date of July 1 for merger
1 year, 5 months ago

HDFC denies Deepak Parekh’s comments on effective date of July 1 for merger

Live Mint  

HDFC Bank-HDFC merger: NBFC giant HDFC on Tuesday clarified on media reports about the tentative dates for the completion of its merger with HDFC Bank. Many media reports took rounds referring to the press interaction of HDFC's chairman Deepak Parekh wherein the tentative effective date of the scheme was said as July 1, 2023, and the tentative 'record date' for …

All HDFC stocks closed higher, following the announcement of the merger
1 year, 5 months ago

All HDFC stocks closed higher, following the announcement of the merger

Live Mint  

HDFC Bank shares closed at ₹1,658.00, up 1.38% from the previous day's close. following Deepak Parekh, chairman of HDFC, announcing that the merger of HDFC and HDFC Bank would take place on July 1 onwards. This buying sentinements improved for other banking stocks also, and the Bank Nifty rose 1.2% as a result, following the announcement of the merger of …

Merger of HDFC with HDFC Bank effective from July 1, says Deepak Parekh
1 year, 5 months ago

Merger of HDFC with HDFC Bank effective from July 1, says Deepak Parekh

The Hindu  

The merger of housing finance major HDFC with the country's largest private lender HDFC Bank will be effective from July 1, HDFC Chairman Deepak Parekh said on June 27. The boards of HDFC and the private bank will meet on June 30 post to clear and approve the merger, Mr. Parekh told reporters in Mumbai. The merger of the corporation …

HDFC Bank to keep home loans as focus of growth strategy post merger
1 year, 6 months ago

HDFC Bank to keep home loans as focus of growth strategy post merger

The Hindu  

HDFC Bank Ltd. will keep home loans at the centre of its growth strategy after a merger with HDFC Ltd. is concluded, with such credit likely to make up nearly a third of the bank's portfolio going forward, two senior officials at the group said. The pace of growth in home loans will broadly mirror growth seen in HDFC's home …

How much funds outflow will HDFC Bank-HDFC merged entity see after MSCI plan
1 year, 7 months ago

How much funds outflow will HDFC Bank-HDFC merged entity see after MSCI plan

Live Mint  

The concern in HDFC Bank and HDFC is unlikely to end any time soon. New York-based global indexes services provider, MSCI earlier this week announced to add HDFC Bank merged entity in the large-cap segment of its Global Standard Indexes with a weightage of 6.5%. The latest MSCI report has escalated fears of certain lumpsum foreign funds outflow in the …

Why HDFC twins are under sell off heat — explained
1 year, 7 months ago

Why HDFC twins are under sell off heat — explained

Live Mint  

Stock market today: After MSCI's announcement to use an adjustment factor of 0.50 for computing the weight of the merged entity of HDFC Bank and HDFC Ltd, HDFC twins came under sell-off stress since early morning deals on Friday and continue to bleed throughout the weekend session. According to stock market experts, HDFC twins share price fell on Friday session …

HDFC Bank to merge with HDFC Ltd; how it will affect borrowers
1 year, 7 months ago

HDFC Bank to merge with HDFC Ltd; how it will affect borrowers

Firstpost  

India’s largest private sector bank, HDFC Bank Ltd is all set to merge with its parent mortgage lender HDFC Ltd in the coming months. In a report published by The Economic Times, it can be expected that the merging will largely impact the borrowers of HDFC Ltd while HDFC Bank customers will be hardly affected. How will the merging of …

HDFC beats Q4 profit estimates on strong home loan demand
1 year, 7 months ago

HDFC beats Q4 profit estimates on strong home loan demand

Hindustan Times  

India's largest mortgage lender Housing Development Finance Corporation Ltd reported a bigger-than-expected 19.6% rise in fourth-quarter profit, boosted by strong demand for loans. HDFC said profit after tax rose to 44.26 billion rupees for the three months ended March 31, from 37 billion rupees a year earlier. The lender said it provided individual loans worth 93.40 billion rupees during the …

HDFC AMC ends in red on Tuesday following Q4FY23 earnings
1 year, 7 months ago

HDFC AMC ends in red on Tuesday following Q4FY23 earnings

Live Mint  

Shares of HDFC Asset Management Company Ltd, at 14:00 IST hit an intraday low of ₹1,749.50. Following the mutual fund company's Q4FY23 results, the stock recovered 1.12%, however ended the session in red zone, closed 0.86% down at ₹1,765.60 per share. For the three months that ended in December 2022, HDFC asset management company's earnings after tax increased nominally by …

HDFC Bank advances and deposits grow 19% for December quarter
1 year, 11 months ago

HDFC Bank advances and deposits grow 19% for December quarter

Live Mint  

HDFC Bank's advances grew 19.5 % to ₹15,070 billion as on December 31, 2022 versus ₹12,609 billion as on December 31, 2021; and a QoQ growth on around 1.8 % over ₹14,799 billion as on September 30, 2022. “As per the Bank's internal business classification, domestic retail loans grew by around 21.5% over December 31, 2021 and around 5.0% over …

Merger With Home Loan Major HDFC To Take 8-10 Months More: HDFC Bank
2 years ago

Merger With Home Loan Major HDFC To Take 8-10 Months More: HDFC Bank

ABP News  

HDFC Bank expects to amalgamate its home loan major parent HDFC into itself by September next year, a top official said on Friday. "We believe going by the past practice and going by past trends, it will take about 8-10 months time before an effective date is announced," HDFC Bank's chief executive and managing director Sashidharan Jagdishan said at the …

HDFC-HDFC Bank Merger: NCLT Approves Shareholders' Meet
2 years, 2 months ago

HDFC-HDFC Bank Merger: NCLT Approves Shareholders' Meet

News 18  

The National Company Law Tribunal has given its nod for holding a shareholders’ meeting for obtaining approval for the proposed merger of HDFC with HDFC Bank. HDFC Ltd has also received approval from the Securities and Exchange Board of India for transfer of HDFC Property Ventures Limited, a wholly-owned subsidiary, to HDFC Bank. Termed as the biggest transaction in India’s …

HDFC Bank logs 22.3 pc jump in Q2 net at Rs 11,125 cr on lower provisions
2 years, 2 months ago

HDFC Bank logs 22.3 pc jump in Q2 net at Rs 11,125 cr on lower provisions

India TV News  

HDFC bank profit jump: HDFC Bank on Saturday reported a 22.30 per cent jump in its consolidated net profit for the September quarter at Rs 11,125.21 crore, helped by a reduction in money set aside for bad loans. On a standalone basis, the largest private sector lender's net profit rose by over 20.1 per cent to Rs 10,605.78 crore as …

HDFC Bank to consider IPOs for HDFC Sec, HDB Financial Services after merger
2 years, 5 months ago

HDFC Bank to consider IPOs for HDFC Sec, HDB Financial Services after merger

Live Mint  

HDFC Bank will only consider a public listing of its brokerage and non-bank finance company subsidiaries after the completion of its merger with parent HDFC Ltd, CEO and managing director Sashidhar Jagdishan stated on July 16. In response to questions from shareholders at the 28th annual general meeting of the largest private sector lender, Jagdishan stated that the merger process …

HDFC-HDFC Bank merger gets a thumbs up from stock exchanges
2 years, 5 months ago

HDFC-HDFC Bank merger gets a thumbs up from stock exchanges

Live Mint  

HDFC Bank and parent HDFC inched closer to the merger process as stock exchanges give thumbs up to their amalgamation scheme. In their separate regulatory filing, HDFC Bank and HDFC said, "The Scheme remains subject to various statutory and regulatory approvals inter alia including approvals from the Competition Commission of India, Reserve Bank of India, the National Company Law Tribunal, …

HDFC Bank to double network in 3-5 yrs, to open up to 2,000 branches per year
2 years, 6 months ago

HDFC Bank to double network in 3-5 yrs, to open up to 2,000 branches per year

Live Mint  

HDFC Bank MD and CEO, Sashidhar Jagdishan said the proposed merger with HDFC is an opportunity that the bank cannot afford to miss. Talking about the merger with HDFC, the HDFC Bank CEO said, "We look forward to the phenomenal set of talent, deep product knowledge and expertise, the processes, and systems that HDFC Ltd will add to the Bank’s …

HDFC Bank, HDFC Stocks Slump Post Merger News; Brokerages See Robust Growth, Should You Buy?
2 years, 8 months ago

HDFC Bank, HDFC Stocks Slump Post Merger News; Brokerages See Robust Growth, Should You Buy?

News 18  

HDFC and HDFC Bank fell sharply for the third straight day after the announcement of merger deals. “The proposed transaction would create meaningful value for various stakeholders including respective shareholders, customers, employees, as the combined business would benefit from increased scale, comprehensive product offering, balance sheet resiliency and the ability to drive synergies across revenue opportunities, operating efficiencies and underwriting …

Merger Between HDFC, HDFC Bank: Benefits, Challenges & Market Impact of the Deal
2 years, 8 months ago

Merger Between HDFC, HDFC Bank: Benefits, Challenges & Market Impact of the Deal

The Quint  

The first was a change in regulations for Non-Banking Financial Companies and Housing Finance Companies. After that, the Reserve Bank of India had tightened its regulations for NBFCs and housing finance companies. You’re now starting to see those regulations converge," Dugal said, adding that it was less beneficial for HDFC Ltd to stay an HFC and not be part of …

HDFC merger: From 2nd largest company to chasing SBI, HDFC Bank aiming for jackpot
2 years, 8 months ago

HDFC merger: From 2nd largest company to chasing SBI, HDFC Bank aiming for jackpot

India Today  

HDFC Bank and HDFC ltd have announced a merger process in a USD 40 billion deal which will create a financial services titan. HDFC VS TCS, RELIANCE The merger of HDFC Bank and HDFC Ltd could create the second largest company in India by market capitalisation, leaving behind Tata Consultancy Services, the crown jewel of the Tata group. HDFC VS …

HDFC Bank, HDFC Ltd announce merger | What this means for customers, shareholders
2 years, 8 months ago

HDFC Bank, HDFC Ltd announce merger | What this means for customers, shareholders

India Today  

HDFC Bank, India's largest private lender, will merge with the country's largest housing finance company, Housing Development Finance Corporation or HDFC Ltd to create a financial services conglomerate, the companies said on Monday. HDFC, HDFC BANK MERGER As part of the deal, shareholders of HDFC Ltd will receive 42 shares of the bank for 25 shares held. Closing is expected …

HDFC Bank, HDFC Ltd share prices soar after merger announcement | Check latest
2 years, 8 months ago

HDFC Bank, HDFC Ltd share prices soar after merger announcement | Check latest

India Today  

HDFC Bank's share price jumped 10 per cent, while Housing Development Finance Corporation Ltd or HDFC Ltd share price soared 13 per cent in early morning trade on Monday. HDFC BANK SHARE PRICE HDFC Bank's share price on BSE is up by over 13 per cent to Rs 1712.45. You can check real-time share price at https://www.bseindia.com/stock-share-price/hdfc-bank-ltd/hdfcbank/500180/ HDFC LTD SHARE …

Discover Related