Mistry is hopeful of a reduction in personal income tax slabs in 2026, and is optimistic about the housing sector. He believes that a little more confidence in the hands of consumers may go a long way in further sprucing demand.
The company has applied to Sebi for an asset management license and in the process of putting together a top management team.
With more than four decades of experience in banking and financial services, Mistry is expected to provide crucial expertise to strengthen Kedaara’s financial services team, according to a statement from Kedaara Capital.
Earlier, the board of the insurer appointed Mistry as the chairman as Deepak Parekh stepped down from the post.
Cyrus Poonawalla founded the Serum Institute of India in 1966. Now led by Adar Poonawalla, it is India's top biotech firm and the world's largest vaccine manufacturer
The housing finance major did not disappoint on any of the three key performance parameters — loan growth, margins, and asset quality
The penetration of the housing finance market is just 11 percent in India and there is potential to grow to 20 percent, Mistry said.
HDFC on April 4 said its board has approved the merger of its wholly-owned subsidiaries HDFC Investments Limited and HDFC Holdings Limited with HDFC Bank Limited. As part of the plan, HDFC will acquire 41 percent stake in HDFC Bank through the transformational merger.
Moneycontrol’s Banking & Finance Editor Dinesh Unnikrishnan in an exclusive conversation with HDFC’s CEO Keki Mistry in the second part of the #BankingCentral Interview series. In a free-wheeling chat, Mistry talks about his early days at HDFC, the challenges faced during the 4-decade long career, his role in the post-merged entity and the key trends that will drive housing loan finance ahead. Catch the whole conversation here.
It also announced that mortgage major HDFC's vice chairman and chief executive Keki Mistry will be a senior advisor to OTPPB, which already has investments of over Rs 18,000 crore in the country, as per an official statement.
HDFC reported a 22 percent rise in its standalone profit after tax to Rs 3,669 crore for the first quarter against the Rs 3,001 crore posted during the same period last year. Its individual loans on an assets under management (AUM) basis saw the highest growth in the last eight years.
SBI chairman Khara received a Rs 34 lakh annual package while HDFC ‘s Mistry earned Rs 19 crore in FY22. That yawning gap epitomises the disparity between the salaries of top PSB officials and their private as well as NBFC counterparts.
Shareholders of the bank will have access to HDFC’s 40 years of experience in the mortgage business, said Mistry, explaining what the merger means for investors and customers.
Despite synergies flowing out of the merger of HDFC with HDFC Bank, there are several unknowns as far as regulations are concerned
The HDFC-HDFC Bank merger marks yet another merger of a parent financial institution with its subsidiary commercial bank
For customers, the true benefits from the merger will come not because they will be cross-sold products, but if they are able to easily carry on their transactions without disruptions
Despite increased competition in the mortgage financing space over the past many years with the entry of new players and greater focus by banks on this segment, HDFC is gaining market share at an accelerated pace
HDFC Limited Vice-Chairman and CEO, Keki Mistry, talks about how the 1991 reforms transformed the Indian economy. He also suggests how focus on financial sector reforms and enabling policies can fuel growth from here on.
While the company hasn't officially announced plans for IPO, there have been reports that Walmart is exploring options to list Flipkart in the US.
The property—offering views of the Arabian Sea and the Bandra-Worli Sea Link—is an upgrade for HDFC vice-chairman and CEO Keki Mistry. Homebuyers are rushing to register properties before December 31.
Keki Mistry, Vice Chairman and CEO, HDFC Ltd, says benign interest rate regime will continue going forward and that rates will go up only after economic activity gathers more pace and inflation pressure rises
The panel has also suggested that written transcripts of post-earning conference calls should be made available on websites of listed companies and respective.
HDFC’s stock price is seen to move in tandem with the valuation of subsidiaries and associate companies
Benign interest rate regime will continue going forward and that rates will go up only after economic activity gathers more pace and inflation pressure rises, Mistry, vice chairman and CEO, HDFC Ltd, said at an online dialogue organised by the All India Management Association
The mortgage lender is not just a pure play housing finance firm, but also a strong financial conglomerate