HDFC Bank, India’s largest private sector lender, is likely to complete its merger with its parent, Housing Development Finance Corporation Ltd (HDFC), by June 30, 2023.
Now, the question is how this merger will impact borrowers. The proposed merged entity will be known as HDFC Bank. As far as the existing HDFC Bank customers are concerned, there will hardly be any changes. However, when it comes to the biggest private home loan lender HDFC, its borrowers will be impacted.
ET Wealth Online decodes how home loan borrowers of HDFC are likely to be impacted once the merger is done.