HDFC Bank CEO Sashidhar Jagdishan moved the SC against a cheating FIR filed by Lilavati Hospital Trust, which alleged he accepted ₹2.05 crore to help one group retain control of the Trust
Lilavati Trust accuses HDFC Bank CEO of running a smear campaign and facilitating fraud, filing a ₹1,000 crore defamation suit and a criminal complaint in Mumbai
The FIR by Lilavati Trust accuses Sashidhar Jagdishan of accepting ₹2.05 crore from members of the Chetan Mehta Group in exchange for helping them retain control over the Trust
'The economy is buoyant, the feel good factor is high, affordability is better so people are comfortable buying houses even if rates are slightly higher,' says Keki Mistry
CEO Jagdishan tells analysts merger with HDFC gives the lender the opportunity to double balance sheet every five years
He said trust and confidence were the backbone of any financial system and one should never underestimate the power of ethics and values
The economic survey has pegged growth at 7-7.5 per cent for FY19