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HDFC Bank seeks Singapore bank license to grow overseas

HDFC Bank, India s largest private sector lender, is seeking approval for a banking license in Singapore. The bank aims to tap into the Indian diaspora in Singapore for savings and term deposits, as well as cross-sell products like mortgages. HDFC Bank already has a presence in London, Hong Kong, and Bahrain. With a customer base of 93 million, the bank is expanding its reach overseas after a merger with Housing Development Finance Corp. last year. ....

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The rise and rise of retail loans, now over ₹50 trillion

Retail loans grew at an eye-popping 30% year-on-year in November, while loans to industry rose at a sedate 6.6% to cross ₹36 trillion ....

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IDFC-IDFC First Bank Merger Approved By RBI

The Scheme remains subject to other statutory and regulatory approvals inter alia including from the National Company Law Tribunal and the respective shareholders and creditors of the companies involved in the Scheme, under applicable laws, added IDFC Ltd. ....

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IDFC gets CCI nod for merger with IDFC First Bank

".the CCI vide its letter dated today, i.e. October 17, 2023 has communicated that it has considered and approved the combination under Green Channel Route," IDFC said in a regulatory filing. ....

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HDFC Bank Q2 Results: Net profit jumps 50% to ₹15,976.11 crore, NII up 30%

HDFC Bank Q2 Results: This is HDFC Bank s second quarterly earnings after its mega $40 billion merger with parent Housing Development Finance Corporation (HDFC) -the largest in India s corporate history. ....

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