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A home loan is for a long tenor and during this period there are bound to be both upward and downward interest rate cycles, he said
Despite high growth, India's MF AUM-to-gross domestic product ratio is a low 16 per cent, against the global average of 74 per cent, he said
Says India could double the size of home loan business to $600 billion in 5 years
The board of directors of HDFC and HDFC Bank on April 4 had approved the plan for an all-stock deal merger
HDFC Capital is a wholly owned subsidiary of HDFC and is in the business of managing private equity funds focused on the real estate sector in India.
The merger of HDFC Bank and HDFC shall help the former become the most valuable bank outside of China and the United States
Monday morning kicked-off with the news that HDFC Ltd was merging with HDFC Bank. Deepak S Parekh, who oversaw the merger, is a relieved man now. Find out more about the 77-year-old industry veteran
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"It will take about 15 to 18 months. We are quite hopeful that we will get the approvals from the regulators," Parekh said
Parekh said he is confident that the regulators will approve the merger scheme announced earlier in the day
HDFC Ltd, which holds over 50% stake in HDFC Ergo, has nominated its Vice Chairman and MD Keki Mistry as non-executive chairman of the insurance firm
HDFC Chairman Deepak Parekh said after almost two years into the pandemic, there is now greater confidence of co-existing with the virus and the optimism of a return to near normalcy.
Says rates are at historic lows now; a housing loan is a long-term loan during which rates move up and down and a customer who wants a house won't hold back just because they are rising currently
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Weak credit growth, however, remains the key laggard
Parekh said his personal view was that Regulation and supervision are critical functions in any financial system and it is important that trust between a regulator and regulatee is never compromised.
Investment in property technology, including digital backbone, should increase efficiency through real-time monitoring of real estate projects
Parekh has settled with markets regulator Sebi a matter of non-compliance with an erstwhile listing agreement
Parekh, the non-executive chairman of mortgage lender HDFC, said residential housing sales for this quarter have gone up by 34 per cent as people are buying ready-to-move-in apartments