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Merger to enable HDFC Bank to take big exposure in infra projects: CEO

July 20, 2023 1:27 am

“We plan to add another 675 this year in SURU locations that will take the total number of branches in these locations to over 5,000. Overall, the Bank plans to add 1,500 to 2,000 additional branches during the year,” he said.

LTIMindtree to replace HDFC in Nifty 50 index from July 13

July 04, 2023 9:10 pm

NSE has also announced changes to other indices. "These changes shall become effective from July 13, 2023 (close of July 12, 2023)," the release said.

HDFC Bank Managing Director and CEO Sashidhar Jagdishan

Could be creating a new HDFC Bank every four years after merger: MD Sashidhar Jagdishan

July 02, 2023 8:10 am

Sashidhar said the penetration levels of the home loan product in the bank’s customer base is quite low and merger gives an opportunity to improve it.

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MSCI tweak: What triggered the sell-off in HDFC twins?

May 08, 2023 10:02 am

Market participants said MSCI intends to delete HDFC from MSCI Global Standard Index and at the same time add HDFC Bank to the large cap segment of MSCI Global Standard Indexes with a foreign inclusion factor (FIF) of 0.37 after applying an adjustment factor of 0.5.

RBI gives green signal to HDFC, HDFC Bank merger proposal

July 05, 2022 11:03 am

Once the deal is effective, HDFC Bank will be 100 per cent owned by public shareholders, and existing shareholders of HDFC will own 41 per cent of the bank.

HDFC hikes lending rate by 5 bps; loans to become dearer

June 01, 2022 5:26 pm

The revised rates for new borrowers range between 7.05 per cent and 7.50 per cent, depending on credit score and loan amount. The existing range is 7 per cent to 7.45 per cent.

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HDFC set to sell 10% in HDFC Capital

April 21, 2022 6:05 am

ADIA is also the primary investor in the alternative investment funds managed by HDFC Capital. Set up in 2016, HDFC Capital is the investment manager to HDFC Capital Affordable Real Estate Funds 1, 2 & 3.

Merger of HDFC and HDFC Bank promises benefits to entities and consumers, could trigger consolidation in sector

April 06, 2022 9:16 am

The benefits stemming from this unique merger could cut both ways. For one, the cost of funding is likely to drop, which can be passed on to mortgage consumers, further cementing the entity’s position in the sector. The combine will also benefit from efficiency gains owing to streamlining of activities and rationalisation of costs.

Explained: Why are HDFC Limited and HDFC Bank merging, and what will be its impact?

April 07, 2022 10:21 am

HDFC-HDFC Bank merger: The transaction is expected to close over the next 18 months, subject to completion of regulatory approvals and other customary closing conditions.