The History of HDFC Limited

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

HD Parhek was the driving force behind HDFC's multiple financial services bets. He turned down a lucrative Citibank offer because he didn't want to be just another cog in the wheel of an organization. The annual loan approvals soon breached the 100 crore rupee mark. In FY21, HDFC had a 31% market share in housing loans.

On 12th July at 3:30 pm, the stock ticker HDFC flashed on the trading screens for one final time. After over four decades India’s first dedicated housing finance company had stopped trading on the stock exchanges.

Now we already wrote a story last year about why HDFC Ltd was merging with HDFC Bank and the implications of that. So we won’t get into that again. Rather, in today’s episode for 14th July 2023, we thought we’d rewind the clock a bit and see how the entity became a housing finance behemoth.

And just to be clear, this is not a paid post. We don’t do those here at Finshots. 🙂

If you're a person who is great at communicating and are enthusiastic to join our team, Ditto is looking to recruit new Insurance advisors. You don't even have to know about Insurance, we would train you from scratch and you can enjoy working remotely with a great team. If you're interested in this or know someone who is please click this link - bit.ly/3rnVoKv