Post HDFC twins merger, banks to gain larger home loan market share

With the country’s largest mortgage financier HDFC Ltd merging with HDFC Bank, banks that are already the dominant players in the home loan segment are likely to gain more market share. A few years ago, housing finance companies (HFCs) had been gaining market share from banks in individual housing loans but it reduced after the … Read more

Moody’s affirms ratings of HDFC Bank

Moody’s Investors Service has affirmed the ratings of private sector lender HDFC Bank following the announcement that its parent HDFC Ltd would merge with it. In a late-night release on Wednesday, Moody’s Investors Service said it has affirmed all the ratings of HDFC Bank, including the Baa3 long-term local and foreign currency deposit ratings and … Read more