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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.
In September 1994 he returned to India as managing director of HDFC Bank. [1] [6] He presided over HDFC's acquisitions of Times Bank Limited in 2000 and of Centurion Bank of Punjab in 2010. [1] [7] In August 2019 he was reported to be the most highly paid CEO of any Indian bank with a monthly salary of ₹ 89 lakh (US$100,000). [8]
With effect from January 2, 2015, Shyamala Gopinath assumed charge as part-time Non-Executive Chairperson of HDFC Bank for a period of 3 years. [ 12 ] [ 13 ] She is a member of Audit Committee (Chairperson), Nomination and Remuneration Committee, Risk Policy and Monitoring Committee, Customer Service Committee (Chairperson) and Fraud Monitoring ...
Amrita Puri was born on Saturday, 20 August 1983 [1] [2] in Mumbai.Her father Aditya Puri, has been the MD of HDFC Bank. [3] She has a brother named Amit Puri. Puri said in an interview that after her graduation, her father made her work with O&M as a copywriter for a year.
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]
The Bahamas has “firmly rejected” President-election Donald Trump's proposal to fly deported immigrants out of the U.S. and into the small island nation about 100 miles southeast of Florida ...
HGTV home renovation stars Jonathan and Drew Scott – best known as the Property Brothers – are fearful that Trump’s proposed tariffs could send construction costs soaring. The brothers ...
Antibiotic use was not associated with an increased risk of cognitive impairment and dementia in healthy older adults, according to a recent study.