PFRDA gives nod to HDFC, HDFC Bank merger proposal

Pension Fund Regulatory and Development Authority (PFRDA) "has vide its letter dated July 7, 2022 (received by us on July 15, 2022), granted approval for change in status/constitution pursuant to the scheme in accordance with the PFRDA (Point of Presence) Regulations, 2018, subject to the conditions mentioned therein," HDFC Bank said in a regulatory filing.

from Banking/Finance-Industry-Economic Times https://ift.tt/vQXpPUS