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Lower cost of funds will help HDFC Bank after merger

HDFC, FPI
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The merger of the HDFC “twins” looks set to go ahead after the Reserve Bank of India (RBI) clarified some ambiguities, and offered a degree of relief to the merged entity, calming investors. The merger is now said to be scheduled for July this year. HDFC Bank is the largest private-sector bank in India, and it is one of the most highly valued ones. Its parent, HDFC, is the pre-eminent mortgage financier. The group subsidiaries include a listed and highly valued life insurance arm, a listed asset management company, an unlisted brokerage, and an unlisted general insurance firm, besides other

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First Published: Apr 23 2023 | 10:09 PM IST

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