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 …
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, …
