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Mortgage lender HDFC announces merger with HDFC bank : Rashtra News #Mortgage #lender #HDFC #announces #merger #HDFC #bank Mortgage lender HDFC on Monday announced that it will merge with HDFC Bank, with a share merger ratio of 42 shares of HDFC Bank to 25 shares of HDFC. The proposed transaction will enable HDFC Bank to
Despite HDFC Bank's efforts, the loan-to-deposit ratio is still above 100, and any further deterioration could continue to affect the net interest income growth in the coming months
The lender additionally said its fundamental strategy has been to improve the turnaround time of processing at front end.
Financial metrics that stood out in the industry gave HDFC Bank a premium valuation that was competitors envy. Now that it resembles its peers, the valuation may also remain aligned.
In the first results of the merged entity after the amalgamation of its parent HDFC Ltd into the lender, HDFC Bank reported a net profit of Rs 15,976 crore on a standalone basis.