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HDFC Bank appoints former NABARD chairman Bhanwala as director

HDFC Bank s board has approved the appointment of former NABARD Chairman Harsh Kumar Bhanwala s appointment as additional independent director. The board also gave its nod for appointing V Srinivasa Rangan as executive director for three years, pending shareholder approval. Bhanwala s tenure spans January 2024 to January 2027. ....

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HDFC to merge with subsidiary HDFC Bank on Jul 1

The combined shares of the HDFC twins will have the highest weighting on the indices at close to 14 per cent, much higher than the present index heavyweight Reliance Industries with a 10.4 per cent weightage. ....

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CCI approves divestment of IDFC AMC, says IDFC; shares rise

Earlier in April, IDFC Board had approved a consortium of Bandhan Financial Holdings, GIC and ChrysCapital to acquire IDFC Asset Management Company for Rs 4,500 crore in one of the largest deals in the country's asset management space. ....

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