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India Banks: Merger of HDFC Bank with HDFC is a serious makeover

HDFC Bank- HDFC deal, a merger that will leave India s banks gasping

HDFC Bank- HDFC deal, a merger that will leave India s banks gasping
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hdfc: View: The HDFC twins merger will leave India s banks gasping

The fast-growing consuming class in India is witnessing the birth of a digital lending powerhouse in the form of a homegrown Ant Group, being set up by the countrys wealthiest tycoon. These disruptions are the result of the bigger consuming class that finance has helped create, but their sustainability is yet to be tested. Among the potential issues creating instability in the banking sector is the skewered nature of individual savings skewed towards the top earners, heaping pressure on cash-strapped lenders. Higher interest rates mean paying more to lenders for mortgages and other consumer credit.

HDFC-HDFC Bank Merger: New Entity To Become World s 4th Largest Bank

HDFC-HDFC Bank Merger: The merged entity will also have around 120 million customers, which is greater than the population of Germany

HDFC vaults into ranks of world s most valuable banks

The merger between HDFC Bank and Housing Development Finance Corporation (HDFC) will create a financial powerhouse and position the merged entity among the world s most valuable banks. With an estimated market capitalisation of $172 billion, the combined bank will claim the fourth spot globally, trailing only JPMorgan Chase, Industrial and Commercial Bank of China and Bank of America.

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