HDFC and HDFC Bank to Merge, Create $200 Billion Financial Giant
The merger of HDFC Corporation and HDFC Bank, effective from July 1, 2023, is set to create a colossal financial entity, according to Deepak Parekh, chairman of India’s mortgage-lending pioneer. With a combined asset base exceeding ₹18 lakh crore, or over $200 billion, this merger marks a significant milestone in the financial landscape.