Page 14 - Hdfc Bank

HDFC Bank and mortgage lender HDFC Ltd to merge

The merger is expected to be completed by Q2/Q3 of FY24

What does the HDFC-HDFC Bank merger mean for shareholders?

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

Top headlines: HDFC-HDFC Bank mega merger, India's export boom explained

The Centre may increase the allotment of its shares in the IPO of LIC. More on that and other stories in our top headlines this morning.

HDFC-HDFC Bank mega merger: 45 years on, the homemakers check in

Fifty-five years ago, Hasmukh Thakordas Parekh set up HDFC Ltd, which went on to become a marquee name in India Inc

HDFC Bank writes to RBI, seeks approval to hold 50% stake in HDFC Life

Lender wants either be allowed to hold a 47.82 per cent stake HDFC Ltd in the insurer or buy additional stake in the company from the market

HDFC Bank merger to create entity twice the size of ICICI Bank: S&P

HDFC Bank's planned merger with its parent HDFC will make the bank twice the size of ICICI Bank, while bolstering market share and diversifying revenues, S&P Global Ratings said on Monday. In the biggest merger in the corporate history, India's largest housing finance company HDFC will merge with the country's largest private lender HDFC Bank to create a banking behemoth. Once the deal is effective, HDFC Bank will be 100 per cent owned by public shareholders, and existing shareholders of HDFC will own 41 per cent of the bank, according to stock exchange filings by the firms. S&P said the merger will likely result in significant market-share gains for HDFC Bank, given HDFC (the parent) is the largest financier of mortgages in India. It will raise HDFC Bank's loans by 42 per cent to Rs 18 lakh crore (USD 237 billion), increasing the bank's market share to about 15 per cent, from 11 per cent currently. "While HDFC Bank will remain the second-largest bank in India post-merger, it .

Effects of HDFC-HDFC Bank merger go beyond banking: Rajnish Kumar

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 twins merge in $40-bn deal; amalgamation may take 15 to 18 months

The country's largest housing finance company and the biggest private sector bank announced that their boards have approved an all-stock amalgamation of HDFC Ltd into HDFC Bank

HDFC-HDFC Bank merger powers D-Street: Sensex, Nifty50 jump over 2%

The frontline indices jumped more than 2 per cent on Monday as the announcement of the plan to merge HDFC into HDFC Bank set their stocks soaring

Sashidhar Jagdishan on what the deal with HDFC means to HDFC Bank

Sashidhar Jagdishan, managing director and chief executive officer of HDFC Bank, tells Manojit Saha what the deal with HDFC means to the bank and the opportunities it provides

Banking on efficiency

HDFC Bank will benefit from higher scale

HDFC twins merge in $40-billion deal: The making of a behemoth

The merged entity would be the second-biggest in terms of m-cap (Rs 14.05 trillion), ahead of TCS but behind RIL

HDFC, HDFC Bank merger: Analysts see banking industry consolidating

The banking sector, according to analysts at ICICI Securities, has been underperforming at the bourses against the overall market in the last six months largely due to credit growth concerns

HDFC-HDFC Bank merger: Higher weight in index may impact large-cap schemes

Weight of combined entity in indices is expected to be about 14%; schemes may have to remain underweight on the stock as the single stock exposure in portfolio has to be capped at 10%

Merged HDFC Bank may not make it to MSCI, FTSE indices, say analysts

There is a risk index trackers may have to sell HDFC, which is part of global indices currently

HDFC Bank, HDFC to merge in $40 billion deal to create lending behemoth

The transaction involves the amalgamation of HDFC and its two wholly-owned subsidiaries HDFC Holdings and HDFC Investments with HDFC Bank

HDFC's merger to be booster shot for HDFC Bank, diversify its revenues: S&P

Profitability could to take hit in the short run

HDFC, HDFC Bank merger may get regulatory approvals in 15-18 months: Parekh

"It will take about 15 to 18 months. We are quite hopeful that we will get the approvals from the regulators," Parekh said

HDFC chairman Deepak Parekh explains what led to the mega merger

Parekh said he is confident that the regulators will approve the merger scheme announced earlier in the day

Merger to unlock value for HDFC Bank, positive for macro economy: Brokerage

The merged entity could become the highest weightage single company in the Nifty 50 basket, the brokerage house said.