Bank Merger

In a press conference on June 27, HDFC's chairman Deepak Parekh said that the board of these two companies will meet on June 30 to finalise the merger and it will be effective on July 1

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.

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

TMS Ep143: Deepak Parekh, Covid-19 cases, HDFC merger, edge data centres

How life has come full circle for Deepak Parekh? Can we lower our guard as Covid-19 cases fall in India? What does the HDFC merger mean for shareholders? What are edge data centres? All answers here

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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Macroeconomic parameters have shown that the Indian economy is going through a rough patch. Here are the key policy decisions taken by the govt in 2019, to bring the India growth story back on track

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

The government on Friday unveiled a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders