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Merger to let us offer products that only banks can give: HDFC CFO
short by Ashley Paul / on Tuesday, 4 July, 2023
HDFC CFO VS Rangan said HDFC-HDFC Bank merger will allow the former to offer products that only banks can offer and not NBFCs. "For example...[we can] have an OD type of product, where a customer with surplus can sweep it into mortgage and draw it back later on...[These] are products that can be offered only in banking system," Rangan added.
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