HDFC Bank Ltd (NYSE:HDB)
$ 55.5 0.17 (0.31%) Market Cap: 140.66 Bil Enterprise Value: 215.67 Bil PE Ratio: 27.90 PB Ratio: 2.50 GF Score: 84/100

HDFC Bank Ltd Proposed Amalgamation with HDFC Ltd Call Transcript

Apr 21, 2023 / 11:00AM GMT
Release Date Price: $70.89 (+1.50%)
Operator

Good evening, and welcome to the conference call hosted by HDFC Bank Limited to give an update on the merger. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Srinivasan Vaidyanathan, Chief Financial Officer, HDFC Bank. Thank you, and over to you, sir.

Srinivasan Vaidyanathan
HDFC Bank Limited - CFO

Thank you, Darwin. Good evening. Glad that you're all able to participate in such a short notice on a Friday evening, thank you. I presume you have gotten a chance to look at our stock exchange release of today. As you know, subsequent to the announcement of the HDFC Limited, HDFC Bank merger on 4th April '22, we had made certain requests to the Reserve Bank of India, seeking certain forbearances clarifications. We have since been engaging with the regulator in this regard. We have now received a letter from the RBI with regards to certain of these requests.

We will first quickly walk through the key aspects of this letter and then open up the call for Q&A. On the priority sector lending,

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