HDFC will be world's 4th most valuable bank after merger
Image Credit: abplive
The merger between HDFC and HDFC Bank is set to become effective from July 1. The resulting entity will be one of the largest banks in the world in terms of equity market capitalization. It will mark the first time a homegrown Indian bank will rank among the world's most valuable banks. The new HDFC Bank entity will challenge American and Chinese lenders.