HDFC Bank plans to raise ₹2.7 lakh crore for its merger with parent HDFC
Updated: 01 Aug 2022, 09:19 AM IST
TL;DR.
- HDFC Bank needs funds to meet capital requirements and other pre-requisites stipulated by the regulator for its merger with HDFC.
The RBI has given its nod to the proposed amalgamation of HDFC and HDFC Bank.