On July 1, the largest private bank in India and the mortgage industry, HDFC Bank, will combine to form a new company with a market value of ₹14.37 lakh crore. In a period of consistent expansion for the Indian economy, the merger will be advantageous to both shareholders and customers.Read More →
The company had aimed to merge with Trump Media and Technology Group. Digital World Acquisition Corporation, which operates as a “blank check” company and plans to merge with former US President Donald Trump’s social media company, fired its CEO earlier this week. Eric Swider, a different director, was chosen byRead More →
MUMBAI : Mortgage lender Housing Development Finance Corp Ltd (HDFC) on Thursday said it has raised ₹25,000 crore in 10-year bonds, dubbing it “India’s largest rupee bond issuance”. The fundraise comes in the run up to its merger with banking arm HDFC Bank. It has raised ₹25,000 crore in non-convertibleRead More →
There were no fireworks in the December quarter (Q3FY23) earnings performance of HDFC Bank Ltd. The private sector lender’s net interest income rose 24.6% year-on-year, partly aided by interest on income tax refund. Loan growth was driven by the retail segment, compensating for the weak wholesale (corporate) segment. Asset qualityRead More →
