Overview: HDFC is India’s largest housing finance company with a total AUM of ₹5.26 lakh crore and a market cap of ₹4.44 lakh crore. It will merge into HDFC Bank, India's largest private sector bank by assets with market cap of ₹8.35 lakh crore.
The merger will make a full stack financial services conglomerate. They will have a combined balance sheet of ₹17.87 lakh crore and ₹3.3 lakh crore net worth enabling larger underwriting at scale.
Secured and long tenor product will lead to robust asset portfolio mix
Combination at the Right Time: Mortgages at the Cusp of Growth Enhancing Customer Lifetime Value
Leveraging the Power of Branch Banking: Well Poised for Sourcing Deposits and Housing Loans
Ability to Better Cross Sell with full suite of financial Products
Combination with Deep Multi-Decade Mortgage Underwriting Expertise Across Cycles
A look at how seam less the integration between the two compaies will be
Pro Forma Impact on Key Metrics
Indicative Timelines and Key Approvals: Comletion of merger expected by the second or third quarter of FY24
FILE PHOTO: The headquarters of India's HDFC Bank is pictured in Mumbai, India, December 4, 2015. REUTERS/Shailesh Andrade/