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On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [25] [26] As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering.
HDFC holds 26.14% of shares in HDFC Bank. HDFC Bank sources home loans for HDFC for a fee. [22] The key business areas of HDFC Bank are wholesale and retail banking and treasury operations. As of April 2023, its market capitalisation was ₹ 941,386 crore (US$110 billion), making it India's third largest publicly traded company. [23]
Wholesale banking is the provision of services by banks to larger customers or organizations such as mortgage brokers, large corporate clients, mid-sized companies, real estate developers and investors, international trade finance businesses, institutional customers (such as pension funds and government entities/agencies), and services offered to other banks or other financial institutions.
Arab Bank arabbank.bh: Arab Banking Corporation (B.S.C) ila (Retail) Bank ABC (Wholesale) 25 December 1979 Central Bank of Libya: ilabank.com bank-abc.com: Allied Bank Limited, Wholesale Branch Allied Bank: 21 March 2011 Allied Bank Limited abl.com: Alubaf Arab International Bank (Bahrain) B.S.C. (c) Alubaf 19 January 1982 Libyan Foreign Bank ...
HDFC Bank: 464.34 76 Bank of Jiangsu: 457.25 77 Hana Financial Group ... 446.95 80 China Zheshang Bank: 443.37 81 Oversea-Chinese Banking Corporation: 441.53 82 Bank ...
Wholesale funding is a method that banks use in addition to core demand deposits to finance operations, make loans, and manage risk. In the United States wholesale funding sources include, but are not limited to, Federal funds, public funds (such as state and local municipalities), U.S. Federal Home Loan Bank advances, the U.S. Federal Reserve's primary credit program, foreign deposits ...
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HDFC Bank sought permission from regulators to merge with its parent HDFC and merged. This led to a lot of probable capital holding violations for which the combined entity was given a year to bring under statutory limits. Before the merger, HDFC swapped its group company Gruh Finance to Bandhan bank for a 15% stake in its combined capital.