HDFC Bank, HDFC Ltd Merger Becomes Biggest Deal Of Financial Sector

HDFC Bank and HDFC Ltd, separate entities, announced a merger on April 4. Although the talks of the deal were underway, the final announcement was made during an event in Mumbai. A senior official close to the development said, "The evaluation had been going on but it moved over the last couple of weeks and got finalized". Moreover, this merger is the biggest deal in the Financial Sector.