Nearly 8 years ago, a RBI notification had triggered possible HDFC-HDFC Bank merger talks

Talks of a merger between HDFC Bank and parent HDFC Ltd had gained steam nearly eight years ago, when the Reserve Bank of India allowed banks to issue long-term bonds to fund infrastructure and affordable housing. At that time, key executives at both entities denied any such proposal. And today, the merger has been officially announced by the two players.

from Banking/Finance-Industry-Economic Times https://ift.tt/aBSkJo8