ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Finance

India's HDFC units merge to create banking juggernaut

Country's largest private bank to 'boost affordable housing,' infrastructure

The merger will help HDFC Bank close its gap with India's largest bank, the State Bank of India.   © Reuters

BENGALURU -- HDFC, India's largest housing finance company, will fold into the group's banking unit, HDFC Bank, to create a juggernaut. Its loan book will eclipse the combined credit extended by the next two biggest private banks, Axis Bank and ICICI Bank.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more