SC questioning RBI on moratorium unfortunate: HDFC chairman Deepak Parekh

In his frank address, Parekh was critical of the Supreme Court for questioning the Reserve Bank of India's (RBI) move to allow banks and housing finance companies (HFC) to charge interest

Housing Development Finance Corporation (HDFC) group firms have the opportunity to grow via mergers and acquisitions (M&As) on account of the ongoing crisis, according to Chairman Deepak Parekh.

Subsidiaries need additional capital to prepare for the same, and “we are now emerging into a scenario where there may be inorganic opportunities for our group firms. Some of our subsidiaries will need additional capital for expansion. We have also identified new investment opportunities to help build the next generation of value creators,” Parekh wrote in the annual report, addressing shareholders.

He added: “To support this, we are putting in place a roadmap for