...........A possible merger of the two group companies could create a financial behemoth that could eliminate costs of doing the mortgage business for both, say analysts. HDFC, which is at the receiving end during days of high interest rates, may benefit more from the merger. Benefits for HDFC Bank, which earns fee income from origi nating mortgages for its parent, will be lesser. “Since the RBI has cleared the impediment, they can think about it,“ said Vaibhav Agrawal, vice-president research, Angel Broking. “At least on paper, the hindrance is removed.“ There is no proposal yet, though top executives from both the organisations have discussed the issue in the past ............
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