Bank Merger

HDFC Bank reported a 20.1 per cent year-on-year increase in net profit to Rs 10,605.8 crore in July-September

The news report of a merger between Federal Bank and another private bank is speculative in nature, the bank said

As the two HDFC elephants start their dance, they must be careful - not just of other banks, but of fintech rivals trying to set the tune for both lenders and borrowers.

While the merger of HDFC twins will increase the bank's product portfolio and ability to cross-sell, there are financial and regulatory concerns that investors should know. Find out in this report

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The finance companies, including housing finance entities, have to rely on wholesale fund-raising from the market or borrowings from banks, both of which are relatively costly

HDFC Bank will benefit from higher scale

According to the draft scheme, the entire paid-up share capital of LVB will be written off

Sabharwal, who is the chairman and co-founder of TeamLease Services, said the move indicates that the RBI is innovating

Major portion of due diligence completed; application to RBI is likely in one - two weeks

PMC has "tried to engage with the major banks of the country to request for a merger", the bank's administrator said in a Sept 10 filing at the Delhi High Court

"They will study the suggestion of each of the banks. If there are certain areas which need to be harmonized in tune with the industry, they will suggest that"

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The merger marks the end of a bank in which two states with contrasting identities - Uttar Pradesh and West Bengal - took equal pride

All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BEFI) said they proposed to go on strike from 6 a.m. on October 22 to 6 a.m. on October 23

Indian Bank to be anchor in the merger, which will create country's seventh largest lender

A prolonged shadow-banking crisis and hurdles in bankruptcy rules have left India holding the world's worst bad-debt pile

Lenders to be merged into a single entity to also hold separate meetings to chalk out roadmap; April 1 seen as pragmatic deadline for amalgamation

Including consultancy companies, around Rs 5,000 crore of business could be generated

Whether folding one weak bank into another will make the combined entity any stronger remains to be seen