![After Merger, HDFC to vault into ranks of world's most valuable banks](https://www.gkseries.com/blog/wp-content/uploads/2023/07/After-Merger-HDFC-to-vault-into-ranks-of-worlds-most-valuable-banks.jpg)
After Merger, HDFC to vault into ranks of world’s most valuable banks: According to Bloomberg, after the tie-up of HDFC Bank Ltd and Housing Development Finance Corp, the lender would rank fourth in equity market capitalization.
It’s valued at about $172 billion.
With the merger likely effective July 1, the new HDFC Bank entity will have around 120 million customers, which is greater than the population of Germany. JPMorgan Chase & Co ranked first, followed by Industrial and Commercial Bank of China Ltd and Bank of America Corp.