HDFC twins' merger: RBI may take call on relaxations closer to date

HDFC Bank expects merger to be completed by July this year

Subrata PandaManojit Saha Mumbai

The Reserve Bank of India (RBI) is likely to take a call on the relaxations sought by HDFC Bank in relation to the merger, as the date of merger draws closer, sources said.
The HDFC twins, which announced their decision to merge in April last year, received National Company Law Tribunal’s (NCLT’s) approval last week — a key milestone to close the deal in due time.
The management of both the entities had said that it will take 15-18 months for the merger. With most of the key approvals in place, the entities now expect the merger to be completed by July this year. One of the key issues being closely watched by investors and other stakeholders was the regulator’s view on the forbearance.

Also Read

CCI gives conditional nod to Zee-Sony merger, formal order awaited

HDFC Bank files petition for NCLT approval to the proposed merger

What challenges could emerge from the Air India-Vistara merger?

Shriram Group waits for NCLT approval of merger, ready for integration

99.99% of Zee Entertainment shareholders vote for merger with Sony

NTPC plant in Barh synchronises 4th unit, Bihar to get additional 405 MW

Bank of Baroda raises interest rates on retail term deposits by 25 bps

PM Mitra parks to boost India's $100 bn textile export goal, says industry

FSIB to soon start selection process for new LIC chairman this month

DLF to invest Rs 3,500 cr in next 4 yrs on housing project in Gurugram

First Published: Mar 19 2023 | 5:03 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to