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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.
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]
Does HDFC Bank (HDB) have what it takes to be a top stock pick for momentum investors? Let's find out.
It will be integrated with banks, fintechs and e-commerce players. Initially it will go live with AU Small Finance Bank, Axis Bank, HDFC Bank, IDFC First Bank, and YES Bank. [63] During Diwali week, ONDC recorded nearly 1.2 million transactions from 6 November to 13 November 2023 across 600+ cities. [64]
"That may no more be feasible now that the perceived risk has moved," he said. Companies should be prudent and hedge their near-term risks (for the next 3-6 months), HDFC Bank recommended.
HDFC Bank is the largest private sector bank by market cap in India, and the future could still be bright for this banking powerhouse. Led by longtime CEO Aditya Puri, the full-service bank has a ...
On 9 March 2020, Sensex tumbled down by 1941.67 points amid the fears of coronavirus pandemic and Yes Bank crisis. [69] This was the second worst single-day fall in the history, where the investors lost ₹6.50 lakh crores ($91 billion).
A bank holiday, like a weekend, can affect how long it takes for funds from a check to become available in your account. Bank holidays 2025 In 2025, the Federal Reserve will observe 11 federal ...