HDFC-HDFC Bank merger: Parekh expects fair, judicious regulatory response

Says India could double the size of home loan business to $600 billion in 5 years

The chairman of India’s largest mortgage financier HDFC Ltd said on Tuesday that he expected various regulators to take a fair and judicious view on the company’s proposed merger with HDFC Bank, and asked all stakeholders to be patient.

HDFC patriarch Deepak Parekh said that after 45 glorious years of providing homes to millions of customers, the time was right for HDFC to find a new home.

“At this juncture, we are awaiting regulatory guidance on the path forward. We remain respectful of all our regulators and are confident that the outcome will be judicious and fair at a systemic level,” Parekh