Vice chairman and chief executive of HDFC, Keki Mistry tells CNBC-TV18 that PE firm Carlyle Group's stake in the bank has been pared down to over 3% after the sale of 2 crore shares.
Mortgage lender HDFC's vice chairman & CEO Keki Mistry understands that people are worried about high interest rates and its impact on home loan borrowers.
HDFC Chairman Deepak Parekh hit out against the Opposition and the coalition parties and said their style of politics is hurting India's growth. Speaking to Karan Thapar on Devil's Advocate, Parekh praised Prime Minister Manmohan Singh for his efforts and called him the cleanest Prime Minister.
The Reserve Bank of India (RBI) on Monday released the Usha Thorat committee report on non-banking finance companies (NBFCs). Keki Mistry, vice chairman and chief executive officer (CEO), HDFC said, he doesn’t see any impact of this on the company. “We are not NBFC. We are a housing finance company,” he added.
After passing the June rate hike, HDFC's vice chairman and CEO, Keki Mistry hints the 50 basis point rate hike by the central back this July may be passed on to the borrowers.
In a CNBC-TV18 exclusive, the National Housing Board (NHB) which is the regulator for housing finance companies and has taken a decision to start introducing some provisioning of standard good assets of housing finance companies.
Britain's Serco is to buy Indian outsourcing company Intelenet for up to 385 million pounds (USD 634 million) as part of a drive into higher-growth overseas markets. Sushir Kumar, CEO, Intelenet speaks about the deal.
The rising interest rates do not seem to be a hurdle for the mortgage lender HDFC that sees its loan book growing at 20% year-on-year in 2011-12.
Though not happy with the central bank’s move, Deepak Parekh, chairman of HDFC spoke about how inflation needs to be tackled along with growth of economy.