scorecardresearchHDFC Bank plans to raise ₹2.7 lakh crore for its merger with parent HDFC

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.

The RBI has given its nod to the proposed amalgamation of HDFC and HDFC Bank.