The Press Release Resource

HDFC chairman Deepak Parekh said on Friday India’s largest home loan company might spin off some of its non-subsidiary unlisted investments into a special purpose vehicle to unlock value. In an interview to a news channel, Parekh said the book value of the half a dozen or so investments, including those in infrastructure finance firm …

HDFC Bank, ICICI Bank and Kotak Mahindra have raised rates on home and auto loans, reflecting the stiffening market that may lead to the Reserve Bank of India (RBI) hastening with a lift in its policy rates from record lows to fight inflation. The country’s largest private sector lender, ICICI Bank, says it is going …