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 Transport

16 Sep 2025

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Resources

16 Sep 2025

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Real Estate

16 Sep 2025

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..