Keki Mistry takes charge as interim chairman of HDFC Bank, assuring stakeholders on governance and integrity after Atanu Chakraborty's resignation
Market strategist Anand James of Geojit Investments highlights that the January 2025 low of ₹810 is the key, sustained trade below the same could favour further downside.
At present, the Pune-based group has one non-banking finance company (NBFC) and a clutch of investments in financial services companies
Starting his career in 1975 with accountancy firm A. F. Ferguson & Co., he later had brief stints at Hindustan Unilever and Tata Group's hospitality arm, Indian Hotels Company
Deepak Parekh said that HDFC Bank has assured them that "each and every employee of HDFC under age of 60" will be absorbed and their salaries will not be reduced
NBFC have certain disadvantages compared to banks on the liability side and they don't have access to demand deposits like commercial banks but this is not a big impediment to growth of the industry
The Mumbai office will target investments in India across all asset classes, including public and private equities, infrastructure, real estate, credit and venture and growth equity
Says HDFC will have the benefit of distribution at all 6,500 branches of the bank. Today not all the branches of HDFC Bank source housing loans from HDFC
Keki Mistry, vice-chairman and chief executive officer of HDFC, tells Manojit Saha the option to merge with HDFC Bank was on the drawing-board but it is making sense now owing to a variety of factors.
Board okays re-appointment of Keki Mistry as vice-chairman, CEO for 3 more years
Experts don't see further cuts boosting demand, with rates already at record lows
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Combined entity would be nearly half SBI's size and in an indisputable No 2 slot; cost of funds a hurdle though
Mistry said markets at present are distinguishing between strong property developers and weaker developers unlike in the past
Mortgage lender HDFC Ltd's CEO Keki Mistry on Saturday said the "worst is behind us" and the economic recovery has been faster than expected
Mistry tells Joydeep Ghosh that while the National Housing Bank has been allowed to refinance housing finance companies, relaxation of single-party exposure would be a big help
PM Modi said that the fight against Covid-19 could be successful only if the citizens cooperate and maintain the discipline
For the housing sector, the authorities are aware of the strong linkages it has with the economy.
Mistry said certain instances in the past have shown that whistleblowers are either seeking ill of a company or looking for media attention
I think a lot of NBFCs are still struggling for liquidity and have been meeting the liability requirement by selling loans, says Keki Mistry