[ad_1] NEW DELHI: Country’s biggest private sector lender HDFC Bank expects 17-18 per cent loan growth during the current financial year as there is enough credit demand. Effective July 1, the parent mortgage firm HDFC Ltd merged with its subsidiary HDFC Bank making it the second biggest lender after State Bank of India.During the first … Read more
[ad_1] NEW DELHI: HDFC Bank on Thursday became the second most valuable company by market capitalisation, overtaking IT behemoth Tata Consultancy Services.At the close of trade, HDFC Bank, which recently completed the merger of its mortgage financier parent HDFC into itself, commanded a market capitalisation (mcap) of Rs 12,72,718.60 crore, which was Rs 5,826.95 crore … Read more
[ad_1] NEW DELHI: The mega-merger of the HDFC Bank and its parent company the Housing And Development Finance Corporation (HDFC) was one of the biggest news from the banking sector recently. The merger has made HDFC the 4th largest bank in the world and brought the spotlight back on Hasmukh Thakordas Parekh – the man … Read more
[ad_1] This merger brings some changes for HDFC customers, especially when it comes to getting a TDS certificate. Customers of HDFC will experience some changes as a result of the merger, including modifications to the procedure for obtaining a Tax Deducted at Source certificate needed to file an income tax return HDFC Bank and Housing … Read more
[ad_1] NEW DELHI: JSW Steel Ltd will replace Housing Development Finance Corporation in the 30-share S&P BSE Sensex from July 13.The replacement comes in the wake of HDFC getting merged with HDFC Bank.In a release on Wednesday, Asia Index Pvt Ltd said that HDFC will be replaced by JSW Steel in the Sensex.There will also … Read more
[ad_1] MUMBAI: A $64 billion merger of two big Indian lenders is yielding almost no fees to financial advisers, highlighting investment bankers’ struggle for profits in the country.Housing Development Finance Corp’s all-stock merger into HDFC Bank Ltd, which created one of the most valuable banks in the world, has about 18 advisers who got credit … Read more
[ad_1] About 18 advisers who got credit for a fee pool of just over $1 million. A $64 billion merger of two big lenders is yielding almost no fees to financial advisers, highlighting investment bankers’ struggle for profits in the country. Housing Development Finance Corp.’s all-stock merger into HDFC Bank Ltd., which created one of … Read more
[ad_1] NEW DELHI: Both Indian indices continued their upward journey on Monday, with the BSE Sensex closing above the historic 65,000 level for the first time ever.The BSE Sensex, rallying for the fourth consecutive session, soared by 486.49 points or 0.75% to achieve a new all-time closing high of 65,205.05. Intraday, it reached a peak … Read more
[ad_1] NEW DELHI: The reverse merger of HDFC with its subsidiary HDFC Bank effective Saturday has increased the total business of the merged entity to over Rs 41 lakh crore, closer to the country’s biggest lender SBI.The total business (deposit and advances) of State Bank of India (SBI) stood at Rs 70.30 lakh crore at … Read more
[ad_1] All employees of HDFC Ltd as of the effective date become HDFC Bank employees. (File) 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. Following the reverse merger, the 44-year-old institution HDFC Ltd would cease to exist from … Read more