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“Each and every person of HDFC will be taken in the bank; 95% of people in HDFC Limited are operations. The bank wants more loans and they do the procurement, appraisal, disbursement, recovery. So, all the branches will remain as they are and all the employees will remain as they are and there may be reorganisation of a few departmental heads. No one will be asked to go.”

This comes days after Musk said he is giving “serious thought” to building a new social media platform. Earlier, Musk had put out a tweet asking users if they believe Twitter adheres to the principle of free speech.

The 30-share pack Sensex advanced 1,335.05 points or 2.25% to breach the 60,000 mark, logging its best day in over a month.

The local unit, however, closed the 2021-22 fiscal with overall losses of 3.61 per cent or 264 paise against the American currency due to a stronger dollar and surging crude oil prices.

On the technical charts, the 200-day moving average of the stock stood at Rs 1322.18.

A total of 22,517 shares changed hands on the counter till 02:04PM (IST).

The stock quoted a 52-week high of Rs 2587.95 and a 52-week low of Rs 1784.15.

The Tata Group-owned stock climbed 5 per cent during the trade on Monday, closing in on the 52-week high levels it hit in October last year. The counter traded at Rs 468.40 on BSE.

Unlike the earlier definition that distinguished between rural and urban, RBI has now set a common household limit of Rs 300,000 for loans to qualify as microfinance.

The Hang Seng Index closed 2.1% higher at 22,502.31 points, its highest close since March 1. The Hong Kong China Enterprises Index gained 3.1% to 7,770.98.