[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: 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] The boards of directors of HDFC Bank and HDFC have cleared the proposal of their merger. After the reverse merger, the 44-year-old institution HDFC Ltd would cease to exist from July 1 onwards. 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 … 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
[ad_1] The HDFC-HDFC Bank merger is the biggest in the history of India Inc. (File) Mumbai: The market regulator Sebi does not see any need for giving more time to mutual fund houses with large holdings in the merger-bound HDFC twins, to realign their portfolios post-merger since there’s no material data and given the highly … Read more
[ad_1] MUMBAI: Equity benchmarks Sensex and Nifty pared early gains to close lower on Monday as investors offloaded telecom, power and utility stocks amid a bearish trend in global markets and profit booking.Intense selling in private bank counters like ICICI Bank and Kotak Bank also dragged the indices down, brokers said.After hitting its lifetime high … Read more
[ad_1] MUMBAI: Equity benchmarks Sensex and Nifty surrendered early gains to close with losses on Thursday, snapping their four-day winning streak as investors pared exposure to auto, bank and IT stocks after the RBI left its key interest rate unchanged.After remaining in the positive territory for the most part of the session, the 30-share BSE … Read more
[ad_1] MUMBAI: Benchmark stock indices Sensex and Nifty rose for a third straight day on Monday amid positive trends in the US markets and continuous foreign fund inflows. Rising for a third session, the 30-share BSE Sensex climbed 344.69 points or 0.55 per cent to settle at 62,846.38 as 20 of its constituents ended in … Read more
[ad_1] New Delhi: HDFC Bank on Wednesday announced that it has launched Future Bankers 2.0, a pan-India recruitment programme to transform young graduates into banking professionals within one year. The Special Recruitment Programme will be offered in association with the Manipal Global Academy of BFSI. Candidates can apply for the programme via HDFC Bank Future … Read more
[ad_1] This comes after report suggested that MSCI has decided to use an adjustment factor of 0.5 Shares of HDFC and HDFC Bank are down 5.5 per cent each on Friday; Here’s what investors should know Why are HDFC Twins Falling Today?: Shares of HDFC and HDFC Bank are down 5.5 per cent each on … Read more