HDFC completed the merger with HDFC Bank in a $40bn deal.

HDFC, a housing financier based in Mumbai, completed the merger with HDFC Bank, a commercial banking firm, in a $40bn deal. “This is a defining event in our journey and I’m confident that our combined strength will enable us to create a holistic ecosystem of financial services. We’re truly happy to welcome the talented team of HDFC into the HDFC Bank family. I believe our journey will be defined by agility, adaptability, and a relentless pursuit of excellence. As we navigate the path ahead, we will embrace challenges as opportunities, learn from our experiences, and strive to be the benchmark of success and integrity in the financial services industry," Sashi Jagdishan, HDFC Bank CEO & MD.