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RBI pushed us to pursue the merger of HDFC and HDFC Bank: Deepak Parekh

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By lapaasindia
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  • HDFC Chairman Deepak Parekh claimed that the RBI has urged HDFC and HDFC Bank to pursue a merger despite the central bank’s increased scrutiny of large NBFCs.
  • We were aware that the guidelines will be released, and the RBI urged us to merge because there were drawbacks to being an NBFC and no benefits to being a bank.

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