The $40 billion merger, announced last April, is expected to conclude by July, HDFC Bank's chief financial officer Srinivasan Vaidyanathan told analysts at a conference call on Saturday.
The lender has requested the Reserve Bank of India (RBI) for a phased approach to meet the requirements for statutory liquidity ratio (SLR), the percentage of deposits that banks invest in government bonds, and the cash reserve ratio (CRR), or the portion of deposits that banks must hold in liquid cash, bank executives have said.
Diese Geschichte stammt aus der April 19, 2023-Ausgabe von Mint Mumbai.
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Diese Geschichte stammt aus der April 19, 2023-Ausgabe von Mint Mumbai.
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