Page 48 - Hdfc Bank
HDFC Bank merger to create entity twice the size of ICICI Bank: S&P
HDFC Bank's planned merger with its parent HDFC will make the bank twice the size of ICICI Bank, while bolstering market share and diversifying revenues, S&P Global Ratings said on Monday. In the biggest merger in the corporate history, India's largest housing finance company HDFC will merge with the country's largest private lender HDFC Bank to create a banking behemoth. 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, according to stock exchange filings by the firms. S&P said the merger will likely result in significant market-share gains for HDFC Bank, given HDFC (the parent) is the largest financier of mortgages in India. It will raise HDFC Bank's loans by 42 per cent to Rs 18 lakh crore (USD 237 billion), increasing the bank's market share to about 15 per cent, from 11 per cent currently. "While HDFC Bank will remain the second-largest bank in India post-merger, it .
 "HDFC Bank merger to create entity twice the size of ICICI Bank: S&P")
Effects of HDFC-HDFC Bank merger go beyond banking: Rajnish Kumar
The finance companies, including housing finance entities, have to rely on wholesale fund-raising from the market or borrowings from banks, both of which are relatively costly
 "Effects of HDFC-HDFC Bank merger go beyond banking: Rajnish Kumar")
HDFC twins merge in $40-bn deal; amalgamation may take 15 to 18 months
The country's largest housing finance company and the biggest private sector bank announced that their boards have approved an all-stock amalgamation of HDFC Ltd into HDFC Bank
 "HDFC twins merge in $40-bn deal; amalgamation may take 15 to 18 months")
HDFC-HDFC Bank merger powers D-Street: Sensex, Nifty50 jump over 2%
The frontline indices jumped more than 2 per cent on Monday as the announcement of the plan to merge HDFC into HDFC Bank set their stocks soaring
 "HDFC-HDFC Bank merger powers D-Street: Sensex, Nifty50 jump over 2%")
Sashidhar Jagdishan on what the deal with HDFC means to HDFC Bank
Sashidhar Jagdishan, managing director and chief executive officer of HDFC Bank, tells Manojit Saha what the deal with HDFC means to the bank and the opportunities it provides
 "Sashidhar Jagdishan on what the deal with HDFC means to HDFC Bank")
Banking on efficiency
HDFC Bank will benefit from higher scale
 "Banking on efficiency")
HDFC twins merge in $40-billion deal: The making of a behemoth
The merged entity would be the second-biggest in terms of m-cap (Rs 14.05 trillion), ahead of TCS but behind RIL
 "HDFC twins merge in $40-billion deal: The making of a behemoth")
HDFC, HDFC Bank merger: Analysts see banking industry consolidating
The banking sector, according to analysts at ICICI Securities, has been underperforming at the bourses against the overall market in the last six months largely due to credit growth concerns
 "HDFC, HDFC Bank merger: Analysts see banking industry consolidating")
HDFC-HDFC Bank merger: Higher weight in index may impact large-cap schemes
Weight of combined entity in indices is expected to be about 14%; schemes may have to remain underweight on the stock as the single stock exposure in portfolio has to be capped at 10%
 "HDFC-HDFC Bank merger: Higher weight in index may impact large-cap schemes")
Merged HDFC Bank may not make it to MSCI, FTSE indices, say analysts
There is a risk index trackers may have to sell HDFC, which is part of global indices currently
 "Merged HDFC Bank may not make it to MSCI, FTSE indices, say analysts")
HDFC Bank, HDFC to merge in $40 billion deal to create lending behemoth
The transaction involves the amalgamation of HDFC and its two wholly-owned subsidiaries HDFC Holdings and HDFC Investments with HDFC Bank
 "HDFC Bank, HDFC to merge in $40 billion deal to create lending behemoth")
HDFC's merger to be booster shot for HDFC Bank, diversify its revenues: S&P
Profitability could to take hit in the short run
HDFC, HDFC Bank merger may get regulatory approvals in 15-18 months: Parekh
"It will take about 15 to 18 months. We are quite hopeful that we will get the approvals from the regulators," Parekh said
 "HDFC, HDFC Bank merger may get regulatory approvals in 15-18 months: Parekh")
HDFC chairman Deepak Parekh explains what led to the mega merger
Parekh said he is confident that the regulators will approve the merger scheme announced earlier in the day
 "HDFC chairman Deepak Parekh explains what led to the mega merger")
Merger to unlock value for HDFC Bank, positive for macro economy: Brokerage
The merged entity could become the highest weightage single company in the Nifty 50 basket, the brokerage house said.
HDFC, HDFC Bank combined m-cap topples TCS' on merger announcement
Mirroring the rally in the stock, market capitalisation of HDFC zoomed to Rs 4,85,691.18 crore
Sensex sprints 1,335 points, Nifty tops 18,050; HDFC twins jump up to 10%
CLOSING BELL: Besides, Kotak Bank, HUL, IndusInd Bank, Tata Steel, L&T, and Sun Pharma were the other top gainers
 "Sensex sprints 1,335 points, Nifty tops 18,050; HDFC twins jump up to 10%")
Motilal Oswal gives 'buy' call for HDFC Bank, pegs target price at Rs 2K
Shares of HDFC and HDFC Bank rose as high as 14 per cent and 11 per cent, respectively, during the opening session on Monday.
Merger deal may help HDFC, HDFC Bank hit record highs, 15% upside likely
Shares of HDFC Bank may hit the Rs 2,000-mark, while HDFC is likely to rally towards Rs 3,200.
 "Merger deal may help HDFC, HDFC Bank hit record highs, 15% upside likely")
HDFC Bank and mortgage lender HDFC Ltd announce 'merger of equals'
Shareholders of HDFC Ltd will receive 42 shares of the bank for 25 shares held. Existing shareholders of HDFC Ltd will own 41 per cent of HDFC Bank.
 "HDFC Bank and mortgage lender HDFC Ltd announce 'merger of equals'")