M&A Deal Summary

HDFC Bank Acquires Times Bank

On February 1, 2000, HDFC Bank acquired financial services company Times Bank

Acquisition Highlights
  • This is HDFC Bank’s 1st transaction in the Financial Services sector.
  • This is HDFC Bank’s 1st transaction in India.

M&A Deal Summary

Date 2000-02-01
Target Times Bank
Sector Financial Services
Buyer(s) HDFC Bank
Deal Type Add-on Acquisition

Target

Times Bank

India
Times Bank Ltd. is a provider of financial services for commercial and individuals.

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Buyer(S) 1

Buyer

HDFC Bank

Mumbai, India

Category Company
Founded 1994
Sector Financial Services
Employees220,339
Revenue 2.37T INR (2025)
DESCRIPTION

HDFC Bank is a private sector banks. HDFC Bank offers a wide range of commercial and transactional banking services and treasury products to wholesale and retail customers. HDFC Bank was founded in 1994 and is based in Mumbai, Maharashtra.


DEAL STATS #
Overall 1 of 3
Sector: Financial Services M&A 1 of 3
Type: Add-on Acquisition M&A Deals 1 of 2
Country: India M&A 1 of 3
Year: 2000 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-23 Centurion Bank of Punjab

Mumbai, India

Centurion Bank of Punjab Ltd. which primarily focused on retail, SMEs and agriculture, had a nationwide retail distribution reach with 240 branches and 386 ATMs.

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