HDFC-HDFC Bank Merger Receives CCI Go-Ahead

The chief national competition regulator in the country- CCI or the Competition Commission of India has given a go-ahead to the merger of HDFC Bank and its parent entity HDFC Ltd.

The proposed merger in the first place seeks the amalgamation of HDFC Holdings and HDFC Investments with HDFC Ltd and later the merger of HDFC and HDFC Bank.