Synopsis
Having resisted the merger for about twenty years, the 2 financiers finally introduced it. What lastly triggered this transfer? How will the regulators use this proposed merger to push a brand new set of controls, significantly when one of many entities is systemically vital, and the opposite is likely one of the greatest customers of financial institution finance?
Ever since term-lending monetary establishment ICICI did a reverse merger with ICICI Financial institution in 2002, there have been murmurs of hypothesis on when the nation’s largest mortgage-finance firm HDFC and its arm HDFC Financial institution would chew the bullet. For, each the entities have been thought-about as best companions and the merger was seen as a pure match. Mortgages are a key banking product, and HDFC didn’t have the bags of undertaking loans going through stress, as was
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