- HDFC Bank and Housing Development Finance Corp. merge to rank fourth worldwide in equity market capitalization, valued at about $172 billion.
- The new entity will have approximately 120 million customers, an expanded branch network of over 8,300, and more than 177,000 employees.
- Through the merger, HDFC Bank aims to increase its deposit base, provide inhouse home loan products to clients, and expects growth at 18-20% with plans to double its branches in the next four years.
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