Starting his career in 1975 with accountancy firm A. F. Ferguson & Co., he later had brief stints at Hindustan Unilever and Tata Group's hospitality arm, Indian Hotels Company
Deepak Parekh said that HDFC Bank has assured them that "each and every employee of HDFC under age of 60" will be absorbed and their salaries will not be reduced
NBFC have certain disadvantages compared to banks on the liability side and they don't have access to demand deposits like commercial banks but this is not a big impediment to growth of the industry
The Mumbai office will target investments in India across all asset classes, including public and private equities, infrastructure, real estate, credit and venture and growth equity
Says HDFC will have the benefit of distribution at all 6,500 branches of the bank. Today not all the branches of HDFC Bank source housing loans from HDFC
Keki Mistry, vice-chairman and chief executive officer of HDFC, tells Manojit Saha the option to merge with HDFC Bank was on the drawing-board but it is making sense now owing to a variety of factors.
Mistry tells Joydeep Ghosh that while the National Housing Bank has been allowed to refinance housing finance companies, relaxation of single-party exposure would be a big help
