With the HDFC-HDFC Bank merger complete, it is the end of an era for Deepak Parekh who resigned as the chairman. Watch Deepak Parekh s 45-year journey with HDFC Ltd. Also, see rejigs in HDFC Bank board after the merger.
HDFC's all-stock merger into HDFC Bank Ltd., which created one of the most valuable banks in the world, has about 18 advisers who got credit for a fee pool of just over $1 million
A $64 billion merger of two big lenders is yielding almost no fees to financial advisers, highlighting investment bankers' struggle for profits in the country.
For advising on $64 billion HDFC-HDFC Bank merger, bankers get a 0 0002% fee financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.