HDFC-HDFC Bank merger to give rise to a banking giant bigger than Morgan Stanley

HDFC-HDFC Bank merger to give rise to a banking giant bigger than Morgan Stanley The tieup of HDFC Bank Ltd. and Housing Development Finance Corp. creates a lender that ranks fourth in equity market capitalization, behind JPMorgan Chase Co., Industrial and Commercial Bank of China Ltd. and Bank of America Corp., according to data compiled by Bloomberg. It’s valued at about $172 billion.

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