[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] 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] The total business of the merged entity stood at Rs 41 lakh crore. Having successfully executed the merger with parent HDFC, HDFC Bank’s managing director and chief executive, Sashidhar Jagdishan, said on Saturday that the country’s largest lender aims to double every four years. In a letter to the over 4,000 employees from 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] The merger of HDFC with HDFC Bank will be effective July 1, Chairman Deepak Parekh said. Mumbai: 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 today. The boards of HDFC and the private bank will meet … Read more