HDFC Bank

HDFC emerges as fourth largest bank in the world after merger

July 01, 2023

HDFC emerges as fourth largest bank in the world after merger

Shareholders of HDFC will receive 42 shares of HDFC Bank for every 25 shares held, giving them ownership of 41% in the lender.

June 30, 2023
'Time to hang my boots,' Chairman Deepak Parekh amid HDFC merger

The reverse merger of parent HDFC Ltd with HDFC Bank is expected to be effective from July 1.
June 30, 2023
HDFC mega merger on July 1 to place Indian company among world's top banks

The two firms may set July 13 as the record date for swapping shares, HDFC said in an exchange filing.
April 05, 2022
HDFC Bank, HDFC to merge in $40bn deal to create lending behemoth

Once the deal is effective, HDFC Bank will be 100 per cent owned by public shareholders, and existing shareholders of HDFC will own 41 per cent of the bank, the two firms said.
September 03, 2021
HDFC Life to acquire Exide Life Insurance for Rs 6,687 crore

HDFC Life will acquire 100 per cent stake in Exide Life Insurance from Exide Industries via issuance of 8,70,22,222 shares at an issue price of Rs 685 per share and a cash payout of Rs 726 crore aggregating to Rs 6,687 crore.
December 03, 2020
RBI puts curbs on HDFC Bank's digital, credit card operations

HDFC Bank said the RBI order 'has advised the bank to temporarily stop all launches of the digital business-generating activities planned under its program Digital 2.0 and other proposed business generating IT applications and sourcing of new credit card customers'.
May 04, 2020
Sensex, Nifty tumble as lockdown extends, US-China tensions flare

The NSE Nifty 50 index was down 4.69% at 9,397.85 by 0500 GMT, while the S&P BSE Sensex was 4.73% lower at 32,120.95.

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