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.
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
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