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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.
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HDFC held 26.14% of shares in HDFC Bank. HDFC Bank sources home loans for HDFC for a fee. [22] The key business areas of HDFC Bank were wholesale and retail banking and treasury operations. As of April 2023, its market capitalisation was ₹ 941,386 crore (US$110 billion), making it India's third largest publicly traded company. [23]
In November 1995, the company began to offer wireless service under the Sprint Spectrum brand in the Baltimore-Washington metropolitan area. [44] This was the first commercial Personal Communications Service (PCS) network in the United States. [44] Although the Sprint PCS service was CDMA, the original Washington-area network used GSM. [44]
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HDFC Bank is one of the LMD 100 companies in Sri Lanka. The bank ranked 78th in the 2020/21 edition. [2] Brand Finance calculated the brand value of HDFC Bank to be LKR763 million in 2022. [3] Due to the effects of the Sri Lankan economic crisis, Fitch Ratings placed the bank along with twelve other Sri Lankan banks on Rating Watch Negative.
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He also added retail stores across the nation in an attempt for increased in-person customer service. During Hesse's tenure, Sprint went from last place to first in the wireless industry in customer satisfaction according to JD Power and the American Customer Satisfaction Index (ACSI). [21] During this period, Sprint was recognized 20 times for ...