 "HDFC Chairman Deepak Parekh")
Welcoming the Rs 2.11-lakh-crore recapitalisation plan for public sector banks (PSBs) as a monumental decision, Housing Development Finance Corporation (HDFC) Chairman DEEPAK PAREKH says governance reforms and protection of bank managements for decisions on write-offs and settlements for bad loans need attention. In an interview with Abhijit Lele and Niraj Bhatt, Parekh talks about the initial public offering (IPO) of HDFC Life Insurance, economic growth, financial services, and real estate. Edited excerpts:
How do you see the opportunities in life insurance?
Insurance is under-penetrated in the country and its future is good. Insurance penetration in India was just 3.4 per
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