Big is beautiful: Axis-Citi deal and HDFC-HDFC Bank merger show big banks’ quest for getting bigger
Updated: 04 Apr 2022, 02:36 PM IST
- This is a merger of equals. Over the last few years, various regulations for banks and NBFCs have been harmonised, thereby enabling the potential merger, said Deepak Parekh, Chairman HDFC Limited.
Axis-Citi deal and HDFC merger with HDFC Bank are extremely significant developments that India's banking sector has witnessed in the last few days week.