At a time when fund houses are seeing increasing inflows into their schemes and even foreign investors have turned net buyers of debt, the supply of good paper in certain tenures is wanting.
He added that the net interest margins (NIM) for the bank will drop September quarter onwards as the mortgage book of Housing Development Finance Corp (HDFC) carries a lower spread.
No tax implications on the merger of HDFC and HDFC Bank. Combined holding period considered for capital gains. Fractional shares taxed at 20% if held for over 12 months, at slab rate if held for less.