It's a merger that could be the biggest of them all in in corporate history. India's largest housing finance company HDFC Ltd will merge with country's largest private lender HDFC Bank to create a banking behemoth.
Deepak Parekh, chairman of HDFC, talks about the reasons behind exploring the mega-merger of the mortgage financier with India’s largest private lender, HDFC Bank, and what the merger will mean for the entities
On 4 April 2022, HDFC Ltd, India s largest housing finance company (HFC) announced a merger with HDFC Bank Ltd, the country s largest private sector bank.
HDFC Limited, India s largest housing finance company with Rs 5.26 trillion in assets under management (AUM) and a market capitalization of Rs 4.44 trillion, will merge with HDFC Bank, India s largest private sector bank by assets with a market capitalization of Rs 8.35 trillion.