 "Deepak Parekh, HDFC")
A conservative approach to business helped Housing Development Finance Corporation (HDFC) to be resilient in the face of turmoil, especially in FY19, according to its chairman Deepak Parekh.
The latter half of FY19 was challenging for several sectors across the Indian economy as liquidity tightened, aversion to risk increased and consumption slowed.
As a forty-two year old company, HDFC has witnessed various market cycles and navigated through booms and busts. Each of these extreme market cycles have been different from the previous ones, but there have always been invaluable lessons learnt, Deepak Parekh said in a letter to shareholders.
HDFC’s
