HDFC-HDFC Bank merger: Parekh expects fair, judicious regulatory response
Deepak Parekh, chairman of HDFC Ltd, India’s largest mortgage financier, on Tuesday said he expected the regulator’s view on HDFC’s proposed merger with HDFC Bank to be fair and judicious, asking the stakeholders to be patient.
In his note to shareholders in the annual report, the HDFC patriarch said after 45 glorious years of providing homes to millions of customers, the time was right for HDFC to find a new home. Read more
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