HDFC Ltd-HDFC Bank merger receives board approval

11 Apr 2022 CW Team

According to a filing with the stock exchanges by HDFC Bank, the transformational merger will result in HDFC acquiring a 41% stake in the bank.

According to Deepak Parekh, Chairman of HDFC Limited, the merger is one of equal.

While HDFC veterans applaud the deal, Parekh emphasises how it will benefit the lender.

The HDFC-HDFC Bank merger will reduce the risk of a single product failure and increase the merged entity's asset variety. In contrast to the present assignment approach, the united organisation will be able to offer mortgage products smoothly, according to Deepak Parekh, who spoke at a press conference today.

According to Deepak Parekh, regulatory improvements in the last three years have lowered merger hurdles. The merged entity's mortgage offering will be significantly more competitive as a result of the merger.

Deepak Parekh told the media that the merger will reduce the risk of a single product failure and increase the merged entity's asset variety. In contrast to the present assignment process, the combined firm will be able to offer mortgage products smoothly. HDFC will continue to operate as is till the merger is completed. All HDFC branches and offices will continue to offer mortgages when the merger goes into effect.

After building nine million houses, HDFC Chairman said they needed somewhere to call home, and they found it in their own family business.

The emerging institution will emerge as a powerhouse in the Indian banking market, with the parent finally integrating the bank.

Following the IL&FS crisis in 2018, the RBI proposed that large NBFCs turn into banks, and this merger is the result of that recommendation. HDFC is the largest mortgage lender in India, and HDFC Bank is the country's largest private bank.

Image Source

Also read: HDFC Mutual Fund CIO buys Rs 19.36 cr luxury apartment in Mumbai

The Board of Directors of mortgage lender Housing Development Finance Corporation (HDFC) approved the merger of its wholly-owned subsidiaries HDFC Investments Limited and HDFC Holdings Limited with HDFC Bank Limited. According to a filing with the stock exchanges by HDFC Bank, the transformational merger will result in HDFC acquiring a 41% stake in the bank. According to Deepak Parekh, Chairman of HDFC Limited, the merger is one of equal. While HDFC veterans applaud the deal, Parekh emphasises how it will benefit the lender. The HDFC-HDFC Bank merger will reduce the risk of a single product failure and increase the merged entity's asset variety. In contrast to the present assignment approach, the united organisation will be able to offer mortgage products smoothly, according to Deepak Parekh, who spoke at a press conference today. According to Deepak Parekh, regulatory improvements in the last three years have lowered merger hurdles. The merged entity's mortgage offering will be significantly more competitive as a result of the merger. Deepak Parekh told the media that the merger will reduce the risk of a single product failure and increase the merged entity's asset variety. In contrast to the present assignment process, the combined firm will be able to offer mortgage products smoothly. HDFC will continue to operate as is till the merger is completed. All HDFC branches and offices will continue to offer mortgages when the merger goes into effect. After building nine million houses, HDFC Chairman said they needed somewhere to call home, and they found it in their own family business. The emerging institution will emerge as a powerhouse in the Indian banking market, with the parent finally integrating the bank. Following the IL&FS crisis in 2018, the RBI proposed that large NBFCs turn into banks, and this merger is the result of that recommendation. HDFC is the largest mortgage lender in India, and HDFC Bank is the country's largest private bank. Image Source Also read: HDFC Mutual Fund CIO buys Rs 19.36 cr luxury apartment in Mumbai

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Real Estate

17 Dec 2025

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

Real Estate

17 Dec 2025

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..