Bank giant bigger than Morgan Stanley arises from HDFC Bank, HDFC Ltd merger
HDFC Bank Ltd and Housing Development Finance Corp have completed a merger, making HDFC Bank the first Indian company to rank among the world's most valuable banks. With a market capitalization of $172 billion, it now ranks fourth globally, behind JPMorgan Chase, Industrial and Commercial Bank of China, and Bank of America.
HDFC Bank Ltd and Housing Development Finance Corp have completed a merger, making HDFC Bank the first Indian company to rank among the world's most valuable banks. With a market capitalization of $172 billion, it now ranks fourth globally, behind JPMorgan Chase, Industrial and Commercial Bank of China, and Bank of America.
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