Merger of Hdfc Ltd & Hdfc Bank: Integration for achieving growth

On 5^th March 2022 Deepak Parekh made a statement that Gruh Finance (NBFC) was like his own daughter and that he intended to merge the same with Bandhan bank which would be like a proverbial bridegroom. This would provide synergies with the Housing sector, which was on a growth path, while NBFC ‘Gruh Finance’ was not into Housing domain. This would require that HDFC Bank’s promoter holding would be diluted. He envisaged that with the merger of India’s most valuable lender and the nation’s largest mortgage financier will be able to create what could be the world’s fifth-most valuable bank. Since the steps have been taken, the merger process is almost complete, albeit one key step remains about the listing in bourses that investors would be watching closely. The likely announcement awaited the nod on or before July 2023. Parekh knew that with just one step away, his own creation was on the anvil of becoming a bank worth US $ 168 billion serving millions of investors and customers across the word !!