Keki M Mistry

The appointment is based on the recommendations of the Nomination and Remuneration Committee, and subject to the approval of shareholders, it added.

Big bang reform, game-changer that no one expected, say bankers

Chanda Kochhar, managing director and chief executive officer of ICICI Bank says it is the most transformational and game changing move ever. The move is sure to impact the parallel economy or black money.

HDFC plans to raise $300 mn

Last month, HDFC slashed interest rates by 0.25 percent on home loans. The new rates for HDFC home loans of up to Rs 75 lakh have come down to 10.25 percent, from 10.50 percent.

Jan rate-cut on the cards; pan-India realty prices up: Keki

Keki M Mistry, VC and CEO, HDFC explains on CNBC-TV18 that there is an increased likelihood of a RBI cut in rates in January 2013 and across India, realty prices have moved in line with inflation.

Will pass on rate cuts only when cost of funds drops: HDFC

India‘s biggest mortgage lender‘s fourth quarter profit rose 16%, beating analysts‘ estimates, as demand for home loans in Asia‘s third-largest economy remained robust. Net profit increased to Rs 1,326 crore in the three months ended March, from nearly Rs 1,142 crore a year earlier.

RBI may start cutting rates post April '12: Keki Mistry

The Reserve Bank of India has hiked repo rate by 25 basis points, taking it to 8.25% and adjusted the reverse repo rate to 7.25%. Keki M Mistry, HDFC said he would believe that sometime in April or post April 2012 RBI could start looking at cutting these rates again.

Don't see rates rising more than 25 bps in short-term: HDFC

Speaking exclusively to CNBC-TV18, Keki M Mistry, Vice Chairman and CEO, HDFC said the firm has a target to maintain spreads at 2.15-2.35%.