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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. [23] [24] 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.
Atanu Chakraborty (born 5 April 1960) [1] is the chairperson of HDFC Bank.He was appointed by the Reserve Bank of India in April 2021. [2] [3] He is a retired 1985 batch officer of the Indian Administrative Service and Gujarat cadre, and served as the Economic Affairs Secretary of India until his retirement in April 2020.
Mistry is also an executive director HDFC, director HDFC ERGO, director HDFC Standard Life Insurance, non-executive & Independent director of HCL Technologies, director BSE, member Advisory Board Cox & Kings, [7] non-executive non-Independent director at HDFC Bank, director at Mahindra Holidays and Resorts India.
In August 2019 he was reported to be the most highly paid CEO of any Indian bank with a monthly salary of ₹ 89 lakh (US$100,000). [8] He officially stepped down from his position in HDFC Bank on 26 October 2020. Sashidhar Jagdishan took charge as the chief executive officer (CEO) of HDFC Bank from 27 October 2020. [9]
HDFC held 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 were 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]
Prior to HDFC Life, Chaudhry was the MD and CEO of Infosys BPO and the Head of testing unit of Infosys Technologies Ltd. [3] Chaudhry began his career with Bank of America in 1987 and undertook diverse roles such as Head of Technology Investment Banking for Asia, Regional Finance Head for Wholesale Banking and Global Markets, and Chief Finance Officer of Bank of America (India). [2]
CERSAI become operational on 31 March 2011. 51% of the equity is owned by the government, and the rest is owned equally by National Housing Bank and 10 other public sector banks. [1] The then Chairman of the National Housing bank, R.V. Verma, served as the first acting Registrar, managing director and CEO of CERSAI, while continuing to hold ...
National Payments Corporation of India (NPCI) is an Indian public sector company that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and settlement infrastructure in India.