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On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [23] [24] As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering.
The company provided housing finance to individuals and corporations for purchase/construction of residential houses. [13] [17] The type of loans offered by company included loans for purchase and construction of a residential units, purchase of land, home improvement loans, home extension loans, non-residential premise loans for professionals and loan against property and repayment options ...
HDFC Bank: 464.34 75 Bank of Jiangsu: 457.25 76 Hana Financial Group: 456.47 77 Banco do Brasil: 447.72 78 Nationwide Building Society: 446.95 79 China Zheshang Bank: 443.37 80 Oversea-Chinese Banking Corporation: 441.53 81 Bank of Shanghai: 435.14 82 ABN AMRO: 417.72 83 BNY: 409.88 84 United Overseas Bank: 396.62 85 Banco Bradesco: 394.76 86 ...
HDFC Life, a joint venture of Housing Development Finance Corporation and Standard Life plc HDFC Bank of Sri Lanka , a Sri Lankan specialised housing bank Housing Development Fund Corporation , a special type of limited equity housing cooperative in New York City
The HDFC was established under the National Housing Act No. 37 of 1957 and it commenced operations in June 1984. [4] The Housing Development Finance Corporation of Sri Lanka Act No. 7 of 1997 passed in the parliament of Sri Lanka. Under the act, the HDFC was established as a state-owned enterprise. The act was amended in 2003, allowing the HDFC ...
The company is a joint venture between Housing Development Finance Corporation Ltd (HDFC), one of India's leading housing finance institutions and Abrdn, a global investment company. [5] As of 31 March 2020, the promoters; HDFC Ltd. and Standard Life (Mauritius Holdings) 2006 Ltd. hold a 51.69% and 34.75% stake in HDFC Life respectively. [5]
Housing Development Fund Corporation or HDFC is a special type of housing cooperative in New York City [1] which is incorporated under Article XI of the New York State Private Housing Finance Law (PHFL) and the Business Corporation Law (BCL). [2]
Unified Payments Interface (UPI) is an Indian instant payment system as well as protocol developed by the National Payments Corporation of India (NPCI) in 2016. The interface facilitates inter-bank peer-to-peer (P2P) and person-to-merchant (P2M) transactions.