Keki Mistry says a single window clearance for property developers will help boost the real estate sector.
In an interview with CNBC-TV18, HDFC Vice Chairman and CEO Keki Mistry said the company has witnesssed strong growth in its retail book -- above 20 percent -- and expects the segment to hold up well over the long term.
FIPB today cleared Standard Life's proposal to stake in the insurance joint venture by 9 percent with HDFC for Rs 1,700 crore.
Bajaj Finserv and its listed subsidiary Bajaj Finance have had yet another rollicking year, both in terms of business and share price performance, and MD Sanjiv Bajaj says he plans to do the same thing he's done for years in 2016 too.
HDFC ERGO General Insurance on Thursday announced that Germany's ERGO International will buy 22.9 percent additional stake in the company.
Keki Mistry, Vice Chairman and CEO, HDFC says he expects HDFC Standard Life‘s proposal for an initial public offer to be cleared by FIPB soon
Analysts expected NII to grow 17 percent at Rs 2,197.2 crore for July-September quarter, but the Q2 NII stood at 6.2 percent year-on-year to Rs 2,076.2 crore.
Keki Mistry, Vice Chairman & CEO, HDFC, says the NBFC will maintain its 20 percent stake in HDFC Bank.
Keki Mistry, VC & Chief Executive Officer (CEO) of HDFC said the Reserve Bank of India (RBI) still has elbow room to cut rates further.
Mistry says the RBI may have leeway to cut interest rates by 50-75 basis points over the next one year, but much will also depend on how global events play out.
The maximum amount of money which a bank raises, goes directly into the power and housing sectors, Prithvi Haldea, Chairman, Prime Database told CNBC-TV18.
Last year HDFC's spreads stood at 2.29 percent against 2.32 percent this year.
B Sriram, managing director and group executive national banking, SBI expects the home loan portfolio to grow by 18 percent in FY16. According to him, competition in the home loan space has been rather intense.
Housing finance company HDFC reported third quarter numbers which were bang in-line with estimates. Net interest income was up 14.4 percent year-on-year and profits saw an uptick of 11.5 percent.
In an interview to CNBC-TV18, Amitabh Chaudhry, managing director and chief executive officer, HDFC Lifesays the company‘s stake sale to Azim Premji Trust is is in no way a pre-initial public offer (IPO).
It is yet premature to judge the performance of the new government but they are slowly moving in the right direction, said Deepak Parekh, chairman, HDFC.
In an interview to CNBC-TV18, Keki Mistry clarified that HDFC would like to maintain its stake in the bank and that the company board will decide whether its needs to change the stake pattern.
Keki Mistry, vice-chairman and chief executive officer of HDFC says in another quarter or two, credit growth will take off. Traditionally, credit offtake is highest in the fourth quarter, he adds.
Puri feels that it is dangerous for banks to grow fast when the economy is slowing as it can result in higher non-performing loans.
Cases such as the Karnataka HC annulling the Diageo acquisition or the Jet-Etihad deal getting into trouble despite earlier regulatory approvals affect investor confidence in India, HDFC Chairman Deepak Parekh told CNBC-TV18.
HDFC has always talked of a loan growth of around 18-20 percent. Since it has seen much higher growth in the past, Keki Mistry Vice Chairman & CEO hopes to grow at a higher rate.
Any plan where the bank disburses money upfront and leaves it to the builder to complete the project is fraught with risk, explains HDFC's Keki Mistry.
HDFC's Keki Mistry believes that RBI measures are temporary in nature and will not warrant a rate hike. As far as its fund requirements are concerned, the housing major maintains a flexible approach and has shored up it requirements up to the month of July.
HDFC's Keki Mistry believes RBI is unlikely to reduce policy rates in its July policy. But higher current account deficit and free fall in the rupee's rate against the US dollar would weigh on the RBI's policy decisions, he says.
Keki Mistry said HDFC will target individual loan growth of 18-20 percent over a sustained period of time on an annually compounded basis. It might however, be a little higher or lower in certain years. Additional tax benefits on home loans will also push housing growth in FY14, says vice-chairman and CEO â€“ Keki Mistry.