Deepak Parekh explains the nature of the merger between the institution he built and HDFC Bank, to create the world's 4th largest bank.

Deepak Parekh is an esteemed Indian businessman and the Chairman of Housing Development Finance Corporation (HDFC), India's leading private housing development finance institution in Mumbai. With a remarkable academic background and experience at Ernst & Young, Grindlays Bank, and Chase Manhattan Bank, Parekh joined HDFC in 1978 and played a pivotal role in its success. He has also held leadership positions at Infrastructure Development Finance Company Ltd (IDFC) and is associated with prestigious organizations such as Glaxo India Ltd, Burroughs Wellcome (India) Ltd, Castrol India Limited, Fairfax India Holdings Corporation, Siemens Ltd, Mahindra & Mahindra, Indian Hotels Company, and SingTel. Throughout his career, Parekh has actively participated in governmental committees and received accolades including the Padma Bhushan, Businessman of the Year 1996, JRD Tata Corporate Leadership Award, and the first international recipient of The Institute of Chartered Accountants in England and Wales’ Outstanding Achievement Award in 2010.

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Merging with HDFC Bank