HDFC, HDFC bank merger proposal gets PFRDA nod

Current Context: Pension Fund Regulatory and Development Authority(PFRDA) has granted approval for the merger of HDFC Ltd. with HDFC bank.

HDFC bank on April 4 agreed to take over the biggest domestic mortgage lender in a deal valued at $40 billion.
PFRDA granted approval for change in status/constitution pursuant to the scheme in accordance with the PFRDA Regulations, 2018.
The merger has already got approval from the Reserve Bank of India (RBI) and stock exchanges BSE and NSE.
The proposed entity will have a combined asset base of around Rs.18 lakh crore.
Once the deal is completed HDFC bank will be 100 percent owned by public shareholders, and existing shareholders of HDFC will own 41 percent of the bank.
The merger is expected to be completed by the third or fourth quarter of FY24.
As of April 1, 2022, the market capitalization of HDFC Bank was Rs. 8.36 lakh crore ($110 billion) and that of HDFC Rs. 4.46 lakh crore ($59 billion).
After completion of the merger HDFC bank will be twice the size of ICICI bank which is the third largest lender now.
Static Knowledge:

Question:

Q.1 Merger of HDFC Ltd with which bank has got PFRDA approval recently?
a. ICICI bank
b. HDFC Bank
c. Axis Bank

d. Federal bank