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HDFC Bank says that the merger with HDFC is likely to take another 8–10 months.

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  • HDFC Bank said on Friday that it thinks the merger with its parent company, HDFC, which is a major home loan lender, will take another 8–10 months.
  • Friday, both HDFC and HDFC Bank held general meetings to try to get approval from their shareholders for the $40 billion merger.
  • A senior official said that the merger will help increase the capital adequacy ratio of the new company by 0.20–0.30%.

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