Highlights of HDFC Bank, CBoP top officials' comments post-merger

[K.Karthik Raja]

Highlights of HDFC Bank, CBoP top officials' comments post-merger

MUMBAI - Highlights of comments by top management of HDFC Bank and
Centurion Bank of Punjab after the merger announcement today:

* HDFC Bk non-executive chairman Capoor: No reverse merger plan with
HDFC.
* Non-executive Chairman Capoor: "Quite happy" with Centurion Bank
merger.
* Centurion Bank MD Bhandari to join as executive director of merged
entity.
* Centurion Bank head Rana Talwar to be non-executive director post-
merger.
* HDFC Bank-CBoP combined balance sheet post-merger 1.5 trln rupees.
* HDFC Bank-CBoP largest private bank in terms of number of branches.
* HDFC Bank-CBoP combined branches at 1148.
* Combined bank to be greater force in market.
* Head Talwar says Centurion Bank of Punjab has 7500 employees.
* HDFC Bank's Parekh says Centurion Bank "right fit" in terms of
culture,

K.Karthik Raja


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