Housing finance provider, IDBI Home Finance Ltd (IHFL) has received regulatory approvals from the ministry of corporate affairs to merge with IDBI Bank, its parent company.

The approval has been granted by ministry of corporate affairs in an order released on April 08, 2011.

"The company, on April 13, 2011, has filed a copy of the said order with the Registrar of Companies (ROC), NCT of Delhi and Haryana and hence all the conditions. Of the Scheme of Amalgamation have now been complied with," said IHFL.

Following the merger, the home loan segment would once again be a part of IDBI Bank and would thus help to increase market share.

IHFL is a wholly owned subsidiary of the lender.