Page 16 - Hdfc

HDFC Bank and mortgage lender HDFC Ltd to merge

The merger is expected to be completed by Q2/Q3 of FY24

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 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-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

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

Banking on efficiency

HDFC Bank will benefit from higher scale

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, 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: 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%

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

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 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

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

HDFC Bank and mortgage lender HDFC Ltd to merge

The HDFC Bank and HDFC Ltd. merger is expected to be completed by Q2/Q3 of FY24

HDFC Bank, HDFC rally up to 10% as board approves merger

The share exchange ratio for the amalgamation of HDFC with and into HDFC Bank shall be 42 equity shares of face value of Re 1 each of HDFC Bank for every 25 equity shares of face value of Rs 2 of HDFC

HDFC registers individual loan growth of 12% in Q4 at Rs 8,367 crore

During the March quarter, there was no sale of investments in subsidiary/associate companies, as per the filing

Sebi disposes of show cause notice issued to HDFC

Markets regulator Sebi on Wednesday disposed of a show cause notice that was issued to Housing Development & Finance Corporation (HDFC) with respect to alleged violations of share transfer agent norms. The watchdog had conducted an inspection of HDFC, which was registered with the regulator as Category II Registrar to an Issue and Share Transfer Agent, on September 30 to October 9, 2019, for the period April 1, 2018 to July 30, 2019. It was alleged that HDFC had violated certain provisions of listing obligations and disclosure requirements regulations and/or norms pertaining to Registrars to an Issue and Share Transfer Agents. Passing an order on Wednesday, Sebi's Adjudicating Officer Geetha G said that no monetary penalty is warranted in respect of the allegations levelled in the instant matter and disposed of the show cause notice that was issued in December 2021. According to the order, out of the allegations made in the show cause notice, the noticee (HDFC) was in violation of