Jul 20, 2021 02:45 PM IST
Owing to the second wave, the Indian economy is likely to mirror a similar trend seen in FY21, where the first half of the financial year is weaker and the second half is significantly stronger, he said.
- Jun 27, 2021 02:39 PM IST
The year started on an uncertain note, the pandemic led to a significant loss of human life and now presents a challenge to public health systems, the way of working, and the social norms, Parekh said in his address to shareholders in the company's annual report for 2020-21.
- Feb 05, 2021 06:48 PM IST
The regulator noted that HDFC Ltd has adopted a Code of Conduct for all its directors and senior management personnel as per the erstwhile listing agreement.
- Jan 08, 2021 10:15 AM IST
With benefits outweighing the cost, a merger can be a win-win situation for both HDFC and HDFC Bank
- Oct 08, 2020 10:31 PM IST
Citing an example, Deepak Parekh said toll collections are back to 88 percent of pre-COVID-19 levels, e-way bills are increasing and electricity consumption has stabilised.
- Aug 25, 2020 09:38 AM IST
The doyen of Indian banking, HDFC's Chairman Deepak Parekh, opens up about his management style, advice to youngsters and whether tough decisions are best taken by one person or collectively.
- Jul 30, 2020 09:19 PM IST
Discounts impact of work-from-home on commercial realty, says many large firms have used the lockdown as an opportunity to snap up good properties when prices are low
- Jul 02, 2020 10:22 PM IST
"The saga of the highest court of law questioning the RBI on the moratorium was indeed unfortunate. Why should a central bank have to be answerable to a court on basic principles on which the financial sector operates on?" Parekh questioned, adding that interest payments on borrowings and loans are contractual obligations and that no laws are being violated.
- May 06, 2020 09:05 AM IST
The problems that the real estate sector is facing are its own creation
- Apr 16, 2020 09:32 AM IST
Reducing prices is the need of the hour
- Apr 15, 2020 04:45 PM IST
It said in the letter that "if the bankers/HFIs/NBFCs waive off 30 percent to 40 percent of principal and interest," Parekh's 'suggestion of reduction of prices' may seem practical.
- Apr 14, 2020 06:07 PM IST
He also asked the developer community to focus on completing projects rather than starting new ones ‘even at the cost of putting new ones on hold’
- Apr 12, 2020 03:50 PM IST
Saudi Arabian Monetary Authority (SAMA) too have picked up 0.7 percent in HDFC on behalf of Saudi sovereign wealth fund, Parekh said. SAMA’s name isn’t reflecting in the names of major shareholders since the holding is less than one percent of the company.
- Mar 06, 2020 02:40 PM IST
He added that RBI has taken a timely call and that the central bank has the right to “do whatever it needs to do to protect depositors"
- Feb 27, 2020 10:57 AM IST
The search committee has been told there are strong internal candidates, but they can look for talented external candidates as well, Puri said
- Feb 01, 2020 04:39 PM IST
Other than extending the exemption limit for higher deduction for one more year, the budget has given tax-free for the developers for one more year for affordable housing, Parekh said.
- Jan 28, 2020 08:47 PM IST
"Do not be disillusioned with the current difficulties. The tide will and has to change," he said.
- Jan 28, 2020 03:20 PM IST
The comments come amid difficult times faced by the realty sector, which has forced the government to announce a Rs 25,000 crore fund to push stuck projects.
- Jan 28, 2020 12:55 PM IST
The announcement comes at a time when there is a lot of focus on the policy front to encourage startups with an objective of encouraging innovation and creating employment opportunities.
- Nov 06, 2019 10:48 PM IST
Finance Minister Nirmala Sitharaman said that projects that have been classified as non-performing assets (NPAs) will be covered under the scheme.
- Oct 10, 2019 09:08 PM IST
The scam at PMC Bank has affected thousands of its depositors as their money is stuck with the urban cooperative bank's after RBI had put a withdrawal limits at Rs 25,000 per accounts last month.
- Sep 20, 2019 01:20 PM IST
In an interaction with Moneycontrol, Deepak Parekh, Chairman, HDFC, spoke about how the corporate tax rate cut could revive investments and market sentiment.
- Aug 02, 2019 08:59 PM IST
He said that the challenge is re-instilling confidence in lenders to support growth, since they have limited funding to select high-rated non-banking finance companies (NBFCs) amid a risk averse environment.
- Jul 04, 2019 08:12 AM IST
In a letter to the shareholders, Parekh said he is confident that the new government along with the regulators will prioritise re-instilling a culture of trust across the banking and financial sector.
- Jul 03, 2019 10:10 PM IST
In a letter to shareholders published in the annual report, Parekh said that the housing finance company will continue to focus on the government’s initiative of “Housing for All.”