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The Times of India
The Times of India
Business
Sunainaa Chadha | TIMESOFINDIA.COM

Explained: Why did HDFC merge with HDFC Bank and what this deal means for investors

NEW DELHI: Mortgage lender HDFC will merge with HDFC Bank to create India's third-biggest financial entity in terms of market capitalisation.

The proposed merger will enable HDFC Bank to build its housing loan portfolio and enhance its existing customer base.

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