HDFC Bank to be world’s fourth most valuable lender
The merged entity will be India's second most valued company after Reliance Industries, which had a $210 billion market cap on Friday. Global index services provider FTSE will replace HDFC in its indices with HDFC Bank after closure of the merger. The bank is not part of the index currently. There will be no change in weight and the move will not result in any fresh inflow now.
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