HDB stock has retaken its 200 day moving average as the India bank gets closer to completing its mega-merger.

HDFC Bank is a leading private sector bank in India that offers a wide range of financial products and services to its customers. The bank’s services include personal and business banking products, such as savings and current accounts, loans, credit cards, insurance, and investments. HDFC Bank also provides services in areas such as wealth management, personalized banking, and international banking. The bank has a large network of branches and ATMs across India and has been recognized as one of the most valuable brands in the country.

India Set For HDFC Mega-Merger

With just one crucial step left that investors are closely monitoring, the merger of India’s most valuable lender and the country’s largest mortgage financier is inching closer to completion and could result in the creation of the world’s fifth-most valuable bank.

Apart from the group insurance and asset management businesses, the merger is unprecedented in India and will result in a bank with a value of $168 billion. It will also affect tens of millions of shareholders and customers across the two companies.