‘Time to hang up my shoes…’ HDFC’s Deepak Parekh resigns after 46 years, explains benefits of merger

HDFC-HDFC Bank merger: The merger of HDFC and HDFC Bank is going to be effective from July 1. Earlier on June 30, HDFC Chairman Deepak Park resigned from his post. In his last letter addressed to the shareholders, he expressed hope that this merger would be of great benefit in the future. He said that this merger will increase the strength of HDFC Bank.