HDFC Bank-HDFC merger to aid credit growth

19 Jul 2022 CW Team

The merger of HDFC and HDFC Bank would result in a huge balance sheet capable of sustaining significant exposures and resulting in better credit growth for the Indian economy, Atanu Chakraborty, Chairman, HDFC Bank has reportedly said. He also stated that the robust distribution network will help the housing financing industry thrive. A larger and more solid balance sheet created by the merger would also allow to increase exposures and encourage stronger credit growth in the economy. The shareholders have discussed the reasons and benefits of the merger on multiple times.

Housing finance will be a big development opportunity and one of India's primary drivers of GDP over the coming decade. There is significant benefit in exploiting this opportunity, given the cheaper cost of capital and the robust distribution network that HDFC has reportedly created. He also stated that the bank has submitted the requisite merger applications to different authorities, and that the Board is closely monitoring the merger process for approval of various components of the merger, as required by the legal procedure.

Infrastructure Urban

13 Mar 2026

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..