News: Reserve Bank of India (RBI) has approved HDFC Bank’s proposed merger with Housing Development Finance Corp (HDFC). The scheme remains subject to various statutory and regulatory approvals inter alia including approvals from the CCL, NCLT and others
Views: The merger process is on track and expected to be completed by Q2/Q3FY24 subject to approvals. Recently, the proposed merger received approval from NSE and BSE
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