Bank Merger

The branches of The National Co-operative Bank, Bangalore (Karnataka), will function as branches of Cosmos Co-operative Bank Limited (Maharashtra) with effect from January 6, 2025

The ECB, as the euro zone's top supervisor, will have the final say on whether UniCredit, Italy's second-largest bank, can raise its stake in its German rival to just below 30%

The reverse merger of HDFC with its subsidiary HDFC Bank effective Saturday has increased the total business of the merged entity to over Rs 41 lakh crore, closer to the country's biggest lender SBI. The total business (deposit and advances) of State Bank of India (SBI) stood at Rs 70.30 lakh crore at the end of March 31, 2023. However, the combined profit is higher at Rs 60,000 crore as compared to Rs 50,232 crore recorded by SBI in FY23. Post-merger, HDFC Bank became the fourth most valued lender in the world, and narrowed the gap by asset size with state-owned SBI to be the second largest Indian bank. The total business of the merged entity stood at Rs 41 lakh crore at the end of March 2023. With the merger, the networth of the entity would be over Rs 4.14 lakh crore. Following the merger, the capital of HDFC Bank increased to Rs 1,190.61 crore with the power to increase or reduce the share capital. HDFC Investments and HDFC Holdings have been amalgamated with and into HDFC ..

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HDFC Bank reported a 20.1 per cent year-on-year increase in net profit to Rs 10,605.8 crore in July-September

The news report of a merger between Federal Bank and another private bank is speculative in nature, the bank said

As the two HDFC elephants start their dance, they must be careful - not just of other banks, but of fintech rivals trying to set the tune for both lenders and borrowers.

While the merger of HDFC twins will increase the bank's product portfolio and ability to cross-sell, there are financial and regulatory concerns that investors should know. Find out in this report

How life has come full circle for Deepak Parekh? Can we lower our guard as Covid-19 cases fall in India? What does the HDFC merger mean for shareholders? What are edge data centres? All answers here

The finance companies, including housing finance entities, have to rely on wholesale fund-raising from the market or borrowings from banks, both of which are relatively costly

HDFC Bank will benefit from higher scale

According to the draft scheme, the entire paid-up share capital of LVB will be written off

Sabharwal, who is the chairman and co-founder of TeamLease Services, said the move indicates that the RBI is innovating

Major portion of due diligence completed; application to RBI is likely in one - two weeks

PMC has "tried to engage with the major banks of the country to request for a merger", the bank's administrator said in a Sept 10 filing at the Delhi High Court

"They will study the suggestion of each of the banks. If there are certain areas which need to be harmonized in tune with the industry, they will suggest that"

Macroeconomic parameters have shown that the Indian economy is going through a rough patch. Here are the key policy decisions taken by the govt in 2019, to bring the India growth story back on track

The merger marks the end of a bank in which two states with contrasting identities - Uttar Pradesh and West Bengal - took equal pride

All India Bank Employees Association (AIBEA) and Bank Employees Federation of India (BEFI) said they proposed to go on strike from 6 a.m. on October 22 to 6 a.m. on October 23

Indian Bank to be anchor in the merger, which will create country's seventh largest lender