Deepak Parekh, the chairman of HDFC, has stepped down from his position. He made this announcement on June 30, 2023, a day before the planned merger of HDFC and HDFC Bank.
Parekh’s association with HDFC spans 46 years, during which he played a pivotal role in transforming the company into India’s largest mortgage lender.
In his resignation letter, Parekh expressed his belief that it was time for him to retire, stating that he had full confidence in the HDFC Bank management team to further elevate the company’s success.
Deepak Parekh, chairman of HDFC Bank, expressed his gratitude towards the employees, customers, and shareholders of HDFC, acknowledging their unwavering support throughout the years.
Parekh’s resignation signifies the end of an era for HDFC. Being a prominent figure in the Indian financial services industry, his departure will undoubtedly leave a significant impact.
Nevertheless, he leaves behind a remarkable legacy, and the company is well-prepared to continue thriving under new leadership.
Meta’s Decision to Restrict News Access Impact on Canadian News Organizations
