365Telugu.com online News, July 1, 2023: HDFC Bank, HDFC Ltd. After the merger, the bank will now have around 12 crore customers. But the total number of employees of the new HDFC Bank will be around 1,73,222. After the merger, the question arises as to what will be the impact on the customers, the services provided to them and the employees of both the companies.
So when the merger date was announced, HDFC Group’s former chairman Deepak Parekh said that in the new unit that will be formed after the merger, the salary of the employees of both the companies will be cut at all. Apart from this, HDFC Bank needs our people to include every employee below 60 years of age, he said.
Talking about the customers of HDFC Bank, all the facilities currently offered to the customers will continue. There will be no change in these. All the old services will continue from personal loan customers to other customers.
HDFC Limited services will be provided in all branches of the bank. That is, if you have taken a home loan from HDFC, you will now be a customer of HDFC Bank. The borrower can continue paying his EMIs as per the existing home loan terms and conditions.
Shashi Jagadeesan will carry forward the legacy of HDFC Group after Deepak Parekh steps down. HDFC was founded by Late Hasmukh Bhai or HT Parekh. He founded India’s first retail housing finance company in the late 1970s.
At the behest of his uncle, Deepak Parekh quit his cushy job at Chase Manhattan in 1978 to join the HDFC Group. After this, he guided the group for more than four decades.
Later he took it to new heights. After he stepped down, the reins were handed over to the next generation. HDFC Bank MD and CEO Shashi Jagadeeshan left a lasting mark on the legacy of the HDFC Group by forging his own path.