hdfc: ET View: HDFC Merger Means Consolidation In Indian Private Banking Space
The merger expects to benefit from an investment round due after Indian companies expand, banks clean up a mountain of bad debt and a new insolvency mechanism frees up capital from zombie firms . This was the policy intent behind raising the regulatory bar for shadow banking, which bore an unusually large responsibility in financing India’s infrastructure because banks were unable to do so due to banking rules. ready. The banking sector in India is undergoing consolidation. Nothing makes it stand out better than this fusion.