The board of HDFC Life, one of the country's leading private sector life insurance companies, approved an initial public offering (IPO). CNBC-TV18 learns that HDFC Life may however continue to explore merger options with Max Life. Shereen Bhan spoke to the MD and CEO of HDFC Life Amitabh Chaudhry moments after the CNBC-TV18 newsbreak was confirmed. In an interview to CNBC-TV18, Mohit Talwar, MD of Max Financial Services spoke about the same.
Reserve Bank of India is unlikely to cut the repo rate in the monetary policy on April 7 mainly because of unseasonal rains and the impact it will have on the economy, says Keki Mistry, vice chairman and chief executive officer HDFC.