Tuesday, June 28, 2022
Home > Finance News > Why HDFC and HDFC Bank merger happened, Deepak Parekh explains

Why HDFC and HDFC Bank merger happened, Deepak Parekh explains


HDFC chairman Deepak Parekh on Monday said harmonisation of rules between banks and non-banks which reduces the regulatory arbitrage was one of the key factors which influenced the decision for merger between the largest home financier and HDFC Bank. Parekh, who said the merger discussions have happened over the last three weeks, noted that requirements like non performing asset recognition being at par and size-based regulations for non-bank finance companies are among the changes in landscape.



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