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020 _a9789390547104
082 _a338.7610476151
_bGOP
100 _aGopalakrishnan, R
_98042
245 _aHow Deepak Parekh grew HDFC Group exponentially
260 _bRupa Publications India Pvt. Ltd.
_aNew Delhi
_c2021
300 _axi, 147 p.
365 _aINR
_b395.00
520 _aA rare view into the mind of a business stalwart who has shaped India’s financial sector A must read for its rare, yet untold insights, into the story of a shaper who breathed his own values of integrity and accountability into the dna of an institution, that still remains true to its middle-class values. The 1970s in India were dark times of high tax slabs, land sharks and black money. When loans were a last resort meant for emergencies and buying a house was beyond aspiration, possible only at retirement, nobody was willing to bet on the repayment capacity of the ignored middle class, except one man. This invisible class went on to become the primary potential customer base for Housing Development Finance Corporation (HDFC). The rest as they say is history. While HDFC was Hasmukh Thakordas Parekh’s brainchild, it was his nephew Deepak Parekh who shaped it. Parekh left a comfortable overseas job with a plum salary and exclusive perks to join his uncle’s mortgage company at a 50 per cent pay cut. He nurtured HDFC to become India’s largest and cleanest financial conglomerate—not just in housing finance, but later in banking, asset management and insurance too.
650 _aHousing Development Finance Corporation (India)
_911687
700 _aDhir, Vidyut Lata
_911688
942 _2ddc
_cBK