India’s foreign exchange reserves increased by USD 3.854 billion to USD 601.363 billion in the week ended May 27, according to RBI data. In the previous week, the reserves rose by USD 4.230 billion to USD 597.509 billion. During the reporting week, the rise in forex reserves […]
Indias
India’s HDFC Bank plans megamerger with housing finance parent
India’s largest private sector bank and its biggest mortgage provider are set to merge in a $40bn deal, creating a financing titan that is positioned to capitalise on the country’s economic recovery and rising demand for credit. The all-share amalgamation announced on Monday would combine HDFC Bank, India’s third-biggest listed […]