Fair trade regulator Competition Commission of India (CCI) has supported the consolidation proposition of HDFC Bank and its parent HDFC Ltd.
The proposed blend conceives the consolidation of HDFC Investments and HDFC Holdings with HDFC Ltd in the initial step and consequently, the consolidation of HDFC Ltd into HDFC Bank.
In a tweet on Friday, CCI said it has supported the “proposed mix including combination of HDFC Limited, HDFC Bank, HDFC Investments and HDFC Holdings.” In April, the country’s biggest lodging finance organization HDFC Ltd declared that it will converge with HDFC Bank.
Bargains past a specific edge require endorsement from the controller, which keeps a tab on out of line strategic policies in the commercial center.
