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  • RBI's change in norms for NBFCs led to HDFC- HDFC Bank merger, says Deepak Parekh

    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

  • Deepak Parekh reveals ICICI Bank’s offer to acquire HDFC Ltd before reverse merger

    Deepak Parekh reveals ICICI Bank’s offer to acquire HDFC Ltd before reverse merger

    Interestingly, creation of HDFC Ltd was financially supported by erstwhile ICICI Ltd, the parent entity of ICICI Bank.

  • India’s inflation rate to come off from December onwards, says Deepak Parekh

    India’s inflation rate to come off from December onwards, says Deepak Parekh

    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

  • Debt recovery remains a challenge in India, says Deepak Parekh

    Debt recovery remains a challenge in India, says Deepak Parekh

    The Chairman of HDFC Ltd. said that compared to global legal systems, India has a slow mechanism.

  • Growth of life insurance sector remains intact despite headwinds: Deepak Parekh

    Growth of life insurance sector remains intact despite headwinds: Deepak Parekh

    The insurance space has a lot of opportunity, Parekh said, due to longer life expectancy which demands for retirement planning.

  • Here's how much Deepak Parekh earned when he joined HDFC. See offer letter

    Here's how much Deepak Parekh earned when he joined HDFC. See offer letter

    The letter dated July 19, 1978 was for Deepak Parekh when he was offered a job as the Deputy General Manager at HDFC.

  • Harsh Goenka's tribute to HDFC's Deepak Parekh on retirement mentions Sachin Tendulkar

    Harsh Goenka's tribute to HDFC's Deepak Parekh on retirement mentions Sachin Tendulkar

    Deepak Parekh, 78, stated that he will not take up any role in the bank after his retirement.

  • Deepak Parekh in last letter to HDFC shareholders: 'It is time to hang my boots'

    Deepak Parekh in last letter to HDFC shareholders: 'It is time to hang my boots'

    HDFC and HDFC bank merger is likely to take effect from July 1.

  • Ahead of merger, HDFC opens legacy centre on founder HT Parekh

    Ahead of merger, HDFC opens legacy centre on founder HT Parekh

    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.

  • Expecting regulatory approval within a month for Credila sale: Parekh

    Expecting regulatory approval within a month for Credila sale: Parekh

    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 twins to complete merger process by July 1, says Deepak Parekh

    HDFC twins to complete merger process by July 1, says Deepak Parekh

    HDFC and HDFC Bank announced the decision to merge on April 4, 2022

  • Global headwinds to slow down GDP growth but India more resilient than many large economies: HDFC Chairman Parekh

    Global headwinds to slow down GDP growth but India more resilient than many large economies: HDFC Chairman Parekh

    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".

  • MC interview| Shrinking regulatory arbitrage key driver for HDFC-HDFC Bank merger, says Deepak Parekh

    MC interview| Shrinking regulatory arbitrage key driver for HDFC-HDFC Bank merger, says Deepak Parekh

    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.

  • Deepak Parekh: India is in a bright spot because we have political stability

    Deepak Parekh: India is in a bright spot because we have political stability

    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.

  • Modi government will come back with a greater majority: Deepak Parekh

    Modi government will come back with a greater majority: Deepak Parekh

  • The one habit that Deepak Parekh can’t give up

    The one habit that Deepak Parekh can’t give up

    At 78, HDFC chairman Deepak Parekh may have given up alcohol, but there is one habit he still holds on to.

  • Never been more optimistic about India, says HDFC Chairman Deepak Parekh

    Never been more optimistic about India, says HDFC Chairman Deepak Parekh

    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.

  • RBI 'encouraged' us to go for HDFC-HDFC Bank merger, says Deepak Parekh

    RBI 'encouraged' us to go for HDFC-HDFC Bank merger, says Deepak Parekh

    Without the merger, HDFC had “disadvantages of being an NBFC and no advantage of a bank,” Parekh said

  • Mortgage loan to GDP ratio should rise in India: Deepak Parekh

    Mortgage loan to GDP ratio should rise in India: Deepak Parekh

    "The outstanding mortgage loan to GDP in the country should increase. It is a long way to go," Parekh said at an ICC session.

  • PM Modi has done a remarkable job, need him for two more terms at the helm: Deepak Parekh

    PM Modi has done a remarkable job, need him for two more terms at the helm: Deepak Parekh

    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".

  • MF industry significantly under-penetrated: HDFC AMC Chairman Deepak Parekh

    MF industry significantly under-penetrated: HDFC AMC Chairman Deepak Parekh

    Inflation pressure may not subside soon, increasing the possibility of further hikes into FY23, he has said

  • India is witnessing early signs of sustainable economic revival: Deepak Parekh

    India is witnessing early signs of sustainable economic revival: Deepak Parekh

    Mumbai, Jun 27 The country's economy is seeing early signs of sustainable revival amid a volatile global environment, veteran banker Deepak Parekh ..

  • Moneycontrol Selects: Top stories this evening

    Moneycontrol Selects: Top stories this evening

    Our specially curated package of the most interesting articles will help you stay at the top of your game.

  • HDFC Life 22nd AGM | Optimistic about resilience of Indian economy, says Deepak Parekh

    HDFC Life 22nd AGM | Optimistic about resilience of Indian economy, says Deepak Parekh

    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.

  • Need shareholders support more than ever before: Deepak Parekh on HDFC twins merger

    Need shareholders support more than ever before: Deepak Parekh on HDFC twins merger

    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.

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