HDFC Chairman Announces Retirement Ahead Of Merger

Ahead of the HDFC Bank-HDFC merger, HDFC Chairman Deepak Parekh, on June 30, formally announced his retirement. In his last message to the shareholders, he exuded confidence that the synergies between HDFC Bank and the group companies will deepen with the bank taking on the mantle of ownership of the group. “The HDFC experience is invaluable. Our history cannot be erased and our legacy will be taken forward," said Parekh.