HDFC Bank Ltd Investor and Analyst Update Transcript
Ladies and gentlemen, good day, and welcome to an update call on the recent announcement from HDFC Bank Limited and HDFC Limited. (Operator Instructions)
Without much ado, I now hand the conference over to Mr. Keki Mistry, Vice Chairman and CEO of HDFC Limited; and Mr. Sashi Jagdishan, MD and CEO, HDFC Bank Limited. Thank you, and over to you.
Thank you very much, and good morning, everyone. At the outset, I would like to welcome all of you to this joint call of HDFC Limited and HDFC Bank. I have with me my colleagues from HDFC, Renu Karnad and Rangan, and Sashi and Srini are there from HDFC Bank.
As you are aware, the Board of Directors of HDFC and HDFC Bank at their respective meetings held today have approved an all-stock amalgamation of HDFC with HDFC Bank. The amalgamation is subject to the approval of the shareholders of both the companies, the Reserve Bank of India, the stock exchanges, the Competition Commission, SEBI, IRDA and all other regulatory approvals as may be required.
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