HDFC Bank – HDFC Merger: What Happens To HDFC Branches, Employees Now?

Home loan major HDFC Ltd. will continue to operate as an independent entity on an “as is where is basis” until the effective date of the merger with HDFC Bank Ltd., Chairman Deepak Parekh during a media conference on April 4. Earlier in the day, the two companies announced a plan to merger the home loan company into the bank. “Until all the approvals are received, we will continue as two separate entities with no overlap,” Parekh said …

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