The mortgage lender’s books are not in the pink of health. A merger offers its chairman a shot at glory.
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The increasing convergence of sales and service functions, with consequent non-stop pressure to meet targets, has seen employees jump ship in droves. This has the potential to adversely impact the financial institutions’ health.
The private sector lender must, perforce, list HDB Financial Services by September 2025. Besides a time crunch, it has to contend with an RBI proposal that could put paid to its valuation hopes—all in the midst of battling crises within.
The bank, following its March 2020 bailout, may have gone overboard in its quest for safety. That may soon change as it looks to acquire a microfinance business with the promise of high returns.