Poging GOUD - Vrij
When Parekh Declined ICICI Bank's HDFC Takeover Bid
The New Indian Express Kochi
|June 22, 2025
In a rare public disclosure, Deepak Parekh, the noted banker who was instrumental in building India's largest private sector bank, has disclosed that ICICI Bank had once proposed to merge HDFC Ltd with them.
The proposal came when Chanda Kochhar was helming ICICI Bank, Parekh said in a conversation with her on YouTube, without disclosing the date of the proposal. After completing the $60 billion reverse merger of HDFC Ltd with the bank effective July 1, 2023, Parekh had hung up boots as chairman of the country's first pureplay mortgage lender launched by uncle HT Parekh.
Dit verhaal komt uit de June 22, 2025-editie van The New Indian Express Kochi.
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