Dealers said the fall in yields on some papers was also due to a sharp easing of yields on government securities. In the last few weeks, the yield on a 10-year benchmark bond has eased more than 20 basis points.
India Business News: Indian equity mutual fund managers have been buying up shares of HDFC ahead of the lender's planned merger with parent firm Housing Development Financ
HDFC-HDFC Bank Merger To Come Into Effect From July 1 outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.
The merger of housing finance major HDFC with the country s largest private lender HDFC Bank will be effective from July 1, HDFC chairman Deepak Parekh said on Tuesday.
The boards of HDFC and the private bank will meet on June 30 post to clear and approve the merger, Parekh told reporters in Mumbai.
The merger of the corporation with HDFC Bank will be effective July 1, Parekh said.