HDFC-HDFC Bank merger in 4-5 weeks; bank's margin to drop, say analysts
The merger between HDFC and HDFC Bank is expected to occur within the next 4-5 weeks, resulting in a lower net interest margin (NIM) for the bank. The bank expects to maintain a return on assets of 1.9% to 2.1% and intends to add over 1,500 branches annually for the next 4-5 years, a significant proportion of these in rural and semi-urban areas.
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