You must have heard the news of merger of HDFC Bank, now know what will be its effect on the borrowers

New Delhi: HDFC Bank and HDFC Finance, the largest private sector banks, are going to merge. All necessary approvals have been received and it is believed that the process of merger will be completed by July, 2023. HDFC Bank has already been classified as Too Big To Fail by the Reserve Bank of India. That is, the possibility of sinking of this bank is very less. After this merger, the size of the bank will increase further. This means that customers will get more security guarantees. Regarding this merger, questions are arising in the minds of the account holders of the bank that what will be the effect on them after the merger? Will loan interest rates come down? Will the EMI of the loan be lower? Will FD rates change? Many questions are arising in the minds of those who have taken a loan from the bank or who have an account. Let us try to understand each aspect of it.



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