No proposal to merge HDFC Bank with parent: Puri
Top private sector lender HDFC Bank has said a merger with parent HDFC makes sense in long-run, but there is no proposal on the table and regulatory clarity is required to make such a deal "more beneficial".
A possible merger between HDFC Bank and housing finance giant HDFC Ltd has been talked about for a long period and such a transaction can create the country's second largest financial sector institution after state-run SBI.
"Both in the view of HDFC and HDFC Bank, the merger in the long-run makes sense... But there is no proposal on the table at the moment," HDFC Bank chief Aditya Puri said.