A presentation by the department of financial services for the FM’s meeting with bank CEOs had flagged the prospect of deposits coming under pressure due to the merger of HDFC. Similarly, the government was of the view that the country’s largest private lender will also tap HDFC customers for loans, sources familiar with the deliberations told TOI.
HDFC merger: PSBs told to push deposits mop-up
A presentation by the department of financial services for the FM’s meeting with bank CEOs had flagged the prospect of deposits coming under pressure due to the merger of HDFC. Similarly, the government was of the view that the country’s largest private lender will also tap HDFC customers for loans, sources familiar with the deliberations told TOI.