HDFC Bank – Birth of a financial services conglomerate

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HDFC, the largest Housing Finance institution, (started as a specialised mortgage company in 1977), fostered and nurtured and now handed over to HDFC Bank, was Deepak Parekh’s lifetime achievement.

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Dr S Durairajan
Dr S Durairajan
The author retired as General Manager from the RBI. He holds a Msc, MBA, CAIIB and PhD (in Economics) and has worked as faculty in bank's training college, Bharatidasan Institute of Mgmt, and XLRI.

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