HDFC Bank MD Sashidhar Jagdishan stated that the bank’s objective is to double its size every four years post-merger with HDFC. According to him, this merger will result in the creation of a “new HDFC Bank every four years,” enabling the bank to grow at an accelerated pace.
Jagdishan emphasized the vast untapped market for financial services in India as a driving force behind the bank’s ambitious growth targets. He outlined the bank’s plans to expand its presence in rural areas and explore new product segments.
The merger of HDFC and HDFC Bank represents the largest corporate merger in the history of India. The combined entity will possess assets exceeding $370 billion and serve a customer base of over 60 million.
It will be intriguing to witness the bank’s performance in the upcoming years. Should it achieve its growth objectives, it has the potential to become one of the world’s largest financial institutions.
