HDFC twins may merge a few months ahead of schedule: HDFC Bank CFO

HDFC Bank reported a 20.1 per cent year-on-year increase in net profit to Rs 10,605.8 crore in July-September

The merger between HDFC Bank and HDFC Ltd may be completed a few months or a quarter before the previously indicated deadline, said Srinivasan Vaidyanathan, chief financial officer, HDFC Bank.

“Maybe there is (scope of the merger being completed) a quarter or a few months early. We had previously indicated September -- call it a Q2-Q3 (FY24) kind of timeframe. The way it is going, it may be Q1-Q2. That’s the way that I would put it. Maybe there is a few months…it is running ahead,” he said at a post-earnings analyst call on Saturday.

HDFC Bank, the country’s largest