Tue, Aug 01, 2023
HDFC Bank-HDFC merger: Having successfully executed the merger with parent HDFC, HDFC Bank's managing director and chief executive Sashidhar Jagdishan on Saturday said the country's largest lender aims to double every four years.
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Tue, Jul 04, 2023
LTIMindtree Ltd will replace Housing Development Finance Corporation Ltd in the Nifty 50 index from July 13, the National Stock Exchange said on Tuesday.
Tue, Jun 27, 2023
HDFC-HDFC Bank merger: 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 Tuesday.
Thu, Jun 15, 2023
The merger of HDFC Bank and HDFC will create India's second-largest financial institution by assets. However, the merger could put pressure on mutual funds to reduce their holdings in the merged company, as SEBI rules state that mutual funds cannot invest more than 10% in a single security. It is estimated that funds may need to sell Rs 30-40 billion of the merged company's stock to comply with regulations.
Wed, Apr 26, 2023
This approval will help pave the way for the merger of HDFC into HDFC Bank, expected to be finalised by the third quarter of this financial year.
Fri, Apr 21, 2023
The RBI has refused to make any exceptions on cash reserve ratio (CRR) and statutory liquidity ratio (SLR) requirements as sought by HDFC Bank, while it has allowed some leeway on the priority sector lending (PSL) and investments front.
Wed, Jan 18, 2023
Will foreign investment increase in HDFC Bank? Will foreign investment increase after merger? Can foreign investment in the stock increase after the HDFC Bank-HDFC merger? Know full details from Varun Dubey.
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