The former HDFC chairman said ICICI Bank once made an offer to take over the mortgage lender but it was declined. On a podcast with ICICI Bank’s former chief, Chanda Kochhar, he recalled his most memorable experiences with the banking regulator
Interestingly, creation of HDFC Ltd was financially supported by erstwhile ICICI Ltd, the parent entity of ICICI Bank.
India’s retail inflation rose to a 14-month high of 6.2 percent in October from 5.5 percent in the previous month, as food inflation galloped on the back of rising vegetable prices
The Chairman of HDFC Ltd. said that compared to global legal systems, India has a slow mechanism.
The insurance space has a lot of opportunity, Parekh said, due to longer life expectancy which demands for retirement planning.
The letter dated July 19, 1978 was for Deepak Parekh when he was offered a job as the Deputy General Manager at HDFC.
Deepak Parekh, 78, stated that he will not take up any role in the bank after his retirement.
HDFC and HDFC bank merger is likely to take effect from July 1.
The centre offers a digital and photo-led history of Hasmukh Thakordas Parekh, who founded HDFC in 1978, when he was 67 years old and one year since his retirement from ICICI Ltd Chairman with just Rs 10,000 personal contribution and Rs 10 crore of borrowed money.
On May 22, Moneycontrol was the first to report that a Baring PE EQT-led consortium was the frontrunner to pick up a majority stake of around 90 percent in HDFC Credila.
HDFC and HDFC Bank announced the decision to merge on April 4, 2022
For startups, Deepak Parekh said, "many investors still have plenty of dry powder for good, innovative ideas, but the days of cash burn and high valuations are behind us".
eteran banker also said that the RBI rightly reined in inflation and that the days of jumbo interest rate hikes by central banks are behind us now.
While global headwinds will impact us a little in India, the country seems to have more tailwinds, HDFC Chairman Deepak Parekh said in an exclusive interview.
At 78, HDFC chairman Deepak Parekh may have given up alcohol, but there is one habit he still holds on to.
Deepak Parekh says that with political stability, policy stability, food security, and vaccine security, India has more tailwinds than headwinds in a China-plus-one world.
Without the merger, HDFC had “disadvantages of being an NBFC and no advantage of a bank,” Parekh said
"The outstanding mortgage loan to GDP in the country should increase. It is a long way to go," Parekh said at an ICC session.
Deepak Parekh, the chairman of the largest pure-play mortgage finance company HDFC, said Modi needs to be at the helm for two more terms to "change the face of the country".
Inflation pressure may not subside soon, increasing the possibility of further hikes into FY23, he has said
Mumbai, Jun 27 The country's economy is seeing early signs of sustainable revival amid a volatile global environment, veteran banker Deepak Parekh ..
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HDFC Life Insurance Chairman Deepak Parekh, at the Annual General Meeting, talked about India's economy, life insurance industry, the bank's performance and much more.
HDFC announced its merger with HDFC Bank on April 4. HDFC will acquire 41 percent stake in HDFC Bank through the transformational merger, according to an exchange filing by the non-bank lender.