Page 3 - Deepak Parekh

Worst behind us; India's GDP growth to turn positive in Q4: Deepak Parekh

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

Economy on recovery path, piggy-riding rural rebound: Deepak Parekh

Advising people not to get too perturbed with the forecasts of negative growth, he said the economy will recover for sure assuming that there are no further lengthy and complete lockdowns in future

Don't extend loan moratorium, it is being misused, Deepak Parekh urges RBI

Says some able borrowers are using it to deliberately delay payments

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

Banks to non-profit: How Luis Miranda made connecting with people his asset

Miranda tells Anjuli Bhargava how his life has been a series of happy accidents and unexpected connections

RBI should start buying corporate bonds to provide liquidity: Deepak Parekh

According to him, interest rates will go down further, but banks must pass them on to companies.

Banks unanimous in seeking one-time loan restructuring for realtors

State Bank chairman Rajnish Kumar said if there is scope for restructuring, then one should do it

One-time restructuring should be allowed for some loans: HDFC chairman

Parekh said builders had erred in the past by over-leveraging and going on a land-buying spree.

'Brutally unfair' that system can't protect common man's savings: Parekh

"To my mind, there is no greater cardinal sin in finance than misuse of the common man's hard earned savings"

Student housing, retirement homes, co-living will help realty grow: Parekh

"They are also getting into warehousing, including for food, data, commodities etc. Warehousing is a big business now," Parekh also added

HDFC keen to contribute to govt's Rs 20,000 cr realty fund: Deepak Parekh

"This fund, in which the government will put in Rs 10,000 crore and a similar amount will come in from public and private sector institutions, is a path-breaking move"

Banks have turned risk averse, says HDFC chairman Deepak Parekh

One is hopeful that normalcy will be restored soon and by the time the festive season sets in, says Parekh

Deepak Parekh says slowdown temporary as demand for assets growing

The demand for commercial real estate has been buoyant, especially across the top eight cities, Parekh added

Deepak Parekh re-appointed as Non-Executive Director on the board of HDFC

Parekh has been at the helm of the mortgage lender for close to three decades

Q2 and Q3 will be bumper quarters for GDP: HDFC Chairman Deepak Parekh

Said life insurance is under-penetrated in the country and its future is good

Loan-switching hurting industry, says Deepak Parekh

He criticised practice of allowing customers to shift their housing loans from one lender to another

RBI has to ensure NPAs are not swept under the carpet: Deepak Parekh

Interview with Deepak Parekh, chairman, HDFC

No logic behind India's low credit rating: Deepak Parekh

Earlier, CEA Arvind Subramanian had criticised S&P's methodology for rating nations

E-commerce firms should look at profitability, not valuation: Deepak Parekh

Deepak Parekh, among India's top banker and chairman of HDFC Ltd, stuck a note of caution to India's e-commerce companies looking at valuation than business fundamentals, saying a model of changing ownership between private equity firms could hurt the entire ecosystem."There has to be a threshold level where the revenue stream and profitability have to become key considerations, rather than just focusing on gross merchandise value. Unless these companies post cash profits, how will they ever be self-sustaining?," said Parekh at the Indian Institute of Technology Madras (IITM) on Wednesday."Otherwise the model is just based on going from one private equity fund to another and at some stage someone will be left holding the baby and this can have a domino effect across the entire system."Parekh's comments comes even as efforts are on to sell e-commerce firm Snapdeal by its main investor Softbank for a pittance after the company lost the battle against larger rivals Flipkart and ...

Four-fifth of graduate engineers unemployable, says Deepak Parekh

On an average of 1.5 million graduate engineers pass out every year