Banking Sector

The projected investment of up to Rs2.5 crore is scheduled to be completed on or before October 10, 2022.

A media report stating that Federal Bank is seeking a merger with Kotak Mahindra Bank was circulated recently.

To pay for the acquisition of three projects from NHAI, with which it will enter into a 20-year concession arrangement

The filing stated that the NHB had also authorized the merger of the housing financing company's two wholly-owned subsidiaries, HDFC Investments and HDFC Holdings Limited, with HDFC.

This is a component of the proposed merger between its parent company, mortgage lender Housing Development Finance Corporation Ltd., and HDFC Bank, the nation's largest private sector bank by balance sheet (HDFC Ltd).

In order to raise the capital adequacy ratio of DBS Bank India from 15.13% in March 2021 to 16.29%, DBS Bank Singapore invested Rs1,040 crore in the bank.

After reviewing thorough research that has been commissioned on the results of amalgamation in state-run banks, the government intends to start the next phase of public sector bank mergers, a senior official from the finance ministry communicated to ET.

BSE and NSE have already given their approval

The National Stock Exchange and Bombay Stock Exchange have accepted the proposed merger of HDFC Bank and its parent company HDFC, stating that they have "no objection," bringing the transaction one step closer to completion.

The RBI on Wednesday hiked rates for the first time since August 1, 2018.