India Business News: HDFC Bank, India's leading private lender, has warned that its merger with HDFC Ltd will negatively impact its financial metrics, including margins an
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.
Anti-trust regulator CCI on Tuesday cleared the proposed purchase of 90 per cent equity stake in HDFC Credila Financial Services by a private equity consortium of BPEA EQT and ChrysCapital. The buyers are Kopvoorn, part of the BPEA EQT group, and three ChrysCapital group entities Moss Investments, Infinity Partners and Defati Investments Holding.
IRDAI has said that the exemption will only be with respect to holdings of the respective insurers as on June 30, 2023, and will be scaled down to the extent of sale of shares thereafter.