India's No. 1 private sector bank and India's No. 1 home loans company have merged in India's biggest merger, joining the ranks of the world's leading financial institutions.
The bank's revenue and margins will gradually grow further "while the merger-related overhang ebbs," according to an Oct. 16 note from Motilal Oswal. The merger plan received no objections from the Reserve Bank of India in July. However, it is stil...
we have to find a home for ourselves, and we have found a home in our own family company HDFC Bank,’ Deepak Parekh, Chairman of HDFC Ltd said on Monday at the press conference following the announcement of the merger, which will create a financial services conglomerate, beating the m-cap...
It has been found that stock market has given a positive response to the stocks of both HDFC Bank and CBoP on the basis of anticipated synergies. The merger has given the merged entity access to an enlarged branch network on the one hand and broader spectrum of products on the other. It...
Shares of HDFC Bank and HDFC closed 3.13% and 2.17% down, respectively, on Tuesday. The stocks had surged reacting to the merger announcement on Monday. Of the 43 analysts tracking HDFC Bank, 40 maintain a ‘buy’ and three recommend a ‘hold’, according to Bloomberg data. The 12-month...
FAQs on India's biggest-ever merger: HDFC merges with HDFC Bank. The biggest merger will serve customers with a wider range of financial products and services.
Find answers to your questions about the HDFC-HDFC Bank merger. Explore our FAQ section for clear insights into this significant financial development.
Promoters of HDFC Life and Max Life have extended the deadline for the merger of the two insurers by a year to June 2018 because IRDAI has yet to give its approval for the proposed deal.Archived articles are available to Magazine subscribers only. If you are already a subscriber OR sign...
HDFC Bank merger must clear RBI hurdles Regulatory approvals involving the bank increasing its stake in an insurance business will need to be carefully planned to ensure success
The article assesses the synergic effect of merger of Centurion Bank of Punjab with HDFC Bank in terms of different financial parameters. Several financial ratios, Kolmogorov-Smirnov test,Shapiro–Wilk test, Paired Sample T test,Wilcoxon Signed-Ranks Test have been widely applied to recognize the di...