HDFC Bank has received approval from The National Company Law Tribunal (NCLT) for merger of Housing Development Finance Corporation (HDFC), HDFC Investments and HDFC Holdings with itself.
The bank and corporation had already received the required approvals from the Reserve Bank of India (RBI), the Securities and Exchange Board of India (Sebi), shareholders of HDFC and HDFC Bank, the Pension Fund Regulatory and Development Authority (PFRDA) and the Competition Commission of India (CCI).
HDFC Bank is one of India’s premier banks providing a wide range of financial products and services using multiple distribution channels including a pan-India network of branches, ATMs, phone banking, net banking and mobile banking.
