No word from RBI yet on regulatory leeway for HDFC twins' merger

HDFC Bank let go of Rs 40,000 cr loans as pricing didn't match bond mkt rates

HDFC Bank has not yet heard from the Reserve Bank of India (RBI) on its request for certain regulatory relaxations ahead of the merger with HDFC, private lender’s Chief Financial Officer Srinivasan Vaidyanathan has said.
 

“Not yet. We have not heard yet. But, we would expect it within the next month. There is no particular time frame, it is not (according to) a particular schedule. For context; the merger process is progressing,” Vaidyanathan said at a post-earnings conference call on Saturday.
 

“The National Company Law Tribunal (NCLT) final hearing is on January 27 and so thereupon once it’s adjudicated, there