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.