BankHDFC

MUMBAI: A $64 billion merger of two big Indian lenders is yielding almost no fees to financial advisers, highlighting investment bankers’ struggle for profits in the country.Housing Development Finance Corp’s all-stock merger into HDFC Bank…

The boards of directors of HDFC Bank and HDFC have cleared the proposal of their merger. After the reverse merger, the 44-year-old institution HDFC Ltd would cease to exist from July 1 onwards. Here’s the combined company’s size, profit,…

<!-- -->All employees of HDFC Ltd as of the effective date become HDFC Bank employees. (File)New Delhi: Housing finance major HDFC will merge with its subsidiary HDFC Bank on Saturday as their respective boards have cleared the…