Who will run HDFC Bank, soon India’s second largest company? ...Middle East

India’s biggest-ever merger—HDFC with HDFC Bank—has triggered a churn in the country’s financial sector.On April 4, the board of the housing finance firm Housing Development Finance Corporation (HDFC) approved the merger of its wholly-owned subsidiaries HDFC Investments and HDFC Holdings with the private lender, HDFC Bank.HDFC Bank was launched in 1994 as a subsidiary of HDFC. The housing finance firm itself was incorporated in 1944 and has been one of India’s foremost private mortgage financiers. HDFC Bank, on the other hand, too, has grown into one of the country’s largest private banks, with 6.23 lakh crore rupees ($82.4 billion) assets under management at the end of December 2021.Read th

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