Brief: India's HDFC Ltd Exec Says Expect Merger With HDFC Bank To Be Completed By July 2023

Housing Development Finance

04/05/2023 11:43

May 4 (Reuters) - Housing Development Finance Corporation Ltd  HDFC.NS :
    * EXPECT MERGER WITH HDFC BANK TO BE COMPLETED BY JULY 2023 AFTER ASSESSING
CURRENT SITUATION
    * WILL ENGAGE WITH RBI TO RESOLVE ISSUES OF ONBOARDING NEW CUSTOMERS WITH
HDFC
CREDILA FINANCIAL SERVICES
    * LOOKING AT REDUCING STAKE IN HDFC CREDILA FINANCIAL SERVICES
TO 10% FROM 100%
    * TRYING TO RAISE MORE OF LONG-TERM FUNDING, INSTEAD OF SHORT-TERM
    * HOLD SLR SECURITIES WORTH 640 BILLION RUPEES AS ON MARCH 31

Source text for Eikon:  ID: 
Further company coverage:  HDFC.NS 

 ((Reuters.Briefs@thomsonreuters.com;))