The demand for commercial real estate has been buoyant, especially across the top eight cities, Parekh added
Parekh has been at the helm of the mortgage lender for close to three decades
Said life insurance is under-penetrated in the country and its future is good
He criticised practice of allowing customers to shift their housing loans from one lender to another
Interview with Deepak Parekh, chairman, HDFC
Earlier, CEA Arvind Subramanian had criticised S&P's methodology for rating nations
Deepak Parekh, among India's top banker and chairman of HDFC Ltd, stuck a note of caution to India's e-commerce companies looking at valuation than business fundamentals, saying a model of changing ownership between private equity firms could hurt the entire ecosystem."There has to be a threshold level where the revenue stream and profitability have to become key considerations, rather than just focusing on gross merchandise value. Unless these companies post cash profits, how will they ever be self-sustaining?," said Parekh at the Indian Institute of Technology Madras (IITM) on Wednesday."Otherwise the model is just based on going from one private equity fund to another and at some stage someone will be left holding the baby and this can have a domino effect across the entire system."Parekh's comments comes even as efforts are on to sell e-commerce firm Snapdeal by its main investor Softbank for a pittance after the company lost the battle against larger rivals Flipkart and ...
On an average of 1.5 million graduate engineers pass out every year
Despite extreme frugal living, his days in London was one of the best years of his life, says Parekh
Parekh says drafting new I-T law is hindered by the lack of experience
Against a backdrop of tepid global growth, no other large economy is showing the growth potential apart from India, said Parekh
'India has never been in a stronger position than today from a macro-economic perspective'
He said India, with an expected GDP of above 7.5 per cent, stands out well in comparison to its global peers
HDFC Chairman Deepak Parekh also said in a sector like real estate where multiple approvals are required, embarking on a digital platform to grant approvals will be a game changer