Kolkata: The free fall in rupee is not a reflection of fundamentals of the Indian economy, which is well poised to attain its $5 trillion dollar goal in the next four to five years even as the global economy is facing headwinds at present, HDFC chairman Deepak Parekh said. The rupee depreciated about 10% this … Read more
For us, this culture about having low NPA is a fetish. Our trip in life is our gross NPA should never cross 2%, our net NPA should never cross 1%. We are working to that formula, says V Vaidyanathan, MD & CEO, You kept on working towards taking IDFC or Capital First to be an … Read more
Mumbai: Property developers are unlikely to opt for sharp increases in prices because they recognise that outpricing home buyers and having large stocks of unsold inventory are counter-productive, Housing Development Finance Corp (HDFC) chairman Deepak Parekh said in his address to shareholders. “There has been consolidation and cleansing, so to speak, in the Indian real … Read more
NEW DELHI: Asserting that the “worst is behind us”, veteran banker Deepak Parekh on Thursday said India’s GDP growth will be in positive territory in the fourth quarter as demand is picking up across sectors. “Based on a series of high frequency data, there is a distinct trend of sequential month-on-month improvement. There is a … Read more