Deepak Parekh

deepak parekh, chairman of HDFC, said he expects residential apartments prices to fall by 20% in the near term due to the impact of Covid-19 which has stalled, along with everything, all construction activity. That price crash, however, presents an excellent buying opportunity, for potential home buyers who have a job security or cash flow.

“The challenge today is risk-averseness. Banks are reluctant to lend and there has been a flight to safety where a select, few, high rated NBFCs and housing finance companies have access to funding, while several others’ access to credit has been choked. As a result, a number of NBFCs have curtailed disbursements..,” said HDFC chairman deepak parekh.

Coming out strongly in support of depositor protection, HDFC chairman deepak parekh on Thursday said that there is no greater cardinal sin in finance than the misuse of the common man's hard-earned savings.

HDFC chairman deepak parekh has called for India to develop frameworks for environment, social and governance (ESG) that work for the country.Parekh said ESG is centre stage in any boardroom discussion today.

HDFC chairman deepak parekh has called for permitting banks to extend loans for purchase of land and recognition of loans up to Rs 40 lakh as priority sector to boost affordable housing in the country.

deepak parekh has said that the life insurance industry was likely to see consolidation following de-growth resulting out of regulatory changes.

deepak parekh has resigned from the board of Hindustan Unilever (HUL) with effect from December 27, 2011, after a tenure lasting more than 14 years.

HDFC chairman deepak parekh, who doesn't hesitate to take a contrarian view on government policies whenever required, has backed the Centre's decision on the much-debated issue of price rise in petroleum products.

deepak parekh, chairman, HDFC, is a passionate advocate of affordable housing. At times, he is an outspoken critic of the real estate sector, not mincing words when it comes to taking on the developer-politician nexus or archaic laws that create artificial land scarcity.

Amid a controversy over a former Sebi chief coming under CBI scanner, industry leader deepak parekh has said that bureaucrats cannot be blamed for not taking decisions if persons of such integrity are harassed.

Noted banker and HDFC chairman deepak parekh on Tuesday said the biggest risks are not of economic disruptions but of despotic powers, the lack of cooperation and the growing weaponisation of trade. He also described the current avalanche of crises the world is facing as a 'global polycrisis'.

deepak parekh chairman HDFC said that the corporation is eyeing acquisition opportunities for group companies. Parekh indicated this in response to a shareholder query during the bank’s annual general meeting.

HDFC chairman deepak parekh on Monday said harmonisation of rules between banks and non-banks which reduces the regulatory arbitrage was one of the key factors which influenced the decision for merger between the largest home financier and HDFC Bank.

"Well known business leader deepak parekh laments the underperforming Modi Sarkar at ground level. I hope that is not anti-national," Congress spokesman Sanjay Jha tweeted.

HDFC chairman deepak parekh has been conferred Germany’s highest civilian honour the ‘Bundesverdienstkreuz’, Germany's Cross of the Order of Merit.

Days ahead of swearing in of new government, HDFC chairman deepak parekh has said he was not in the race to become finance minister.

Pitching for disinvestment in public sector behemoths like LIC, Air India and BSNL, top industry leader deepak parekh has said it can unlock huge funds worth “lakhs of crores of rupees” and shares should be given to retail investors without depending on overseas entities.

Eminent industry leader and chairman of HDFC deepak parekh on Sunday called for “aggressive” investments by the government as well as corporates in education, saying it is the key to unlocking the country’s demographic dividend.

deepak parekh, HDFC chairman, said that India cannot afford a "senior citizen" rupee and there is a need to rebuild confidence in the economy to have "younger" currency.

Expressing concern over decline in infrastructure investment, HDFC Chairman deepak parekh today said infrastructure investment has derailed in the past two years and revitalising investment in the sector will be a big task for the new government.

Housing Development Finance BSE 2.99 % Corp and HDFC BankBSE 1.61 % are keeping open the option to merge but there is little urgency to proceed with it, said top executives of the two financial firms that declared their financial results for the June quarter on Monday.

HDFC Bank chairman deepak parekh has warned against the domination of foreign institutional investors in Indian capital markets and has forecast higher volatility in capital flows as central banks worldwide are taking divergent view on monetary policy.

Demand for housing has surprised on the upside, however, it is structural and here to stay, said HDFC chairman deepak parekh. He said demand for larger homes in alternate locations due to the shift to work-from-home and the PM Awas Yojana, under which over 1 crore homes have been bought, are among major drivers.

To meet the challenge of overstretched infrastructure in cities, mainly a result of rapid urbanisation, deepak parekh, chairman, HDFC, proposes to allow cities and towns to raise their own fund by levying taxes and also by directly tapping the market.

According to HDFC chairman deepak parekh, several large industrial houses are now looking at investing abroad as it's much easier. Their strategy now is to have 50% of their turnover from abroad, he says.

deepak parekh said impatience has begun creeping in among businessmen as nothing has changed on ground in first nine months of the Modi government.

HDFC AMC chairman deepak parekh on Friday said India's mutual fund industry has the potential to grow exponentially as the country's MF penetration levels remain considerably low compared to large economies.