DeBak Barrick reveals Canda Koshr once, she merged HDFC ICICI before 2023

Depac Barric, former HDFC Chairman, revealed that Canda Koshr, former president of Ikery, has once achieved a bold stadium, and suggested integration of the Financial Power League before the HDFc Federation ultimately with its bank arm.

“I remember you are talking to me once. I remember it very clearly. It has never been talked about in public places, but I am ready to share it now,” Barrick told Kochhar during a frank conversation on her channel.

“I said that ICici started HDFC.” Why don’t you go home? “This was your offer.” Barrick said he rejected her, describing her as “unfair” and “inappropriate” given the identity of the brand and the HDFC banking structure.

Barrick said that the process of incorporating the HDFC-HDFC Bank in the end, which was completed in July 2023, was not born from the aspiration of companies but rather an organizational batch.

The Reserve Bank in India has re-classified the large NBFCS like HDFC-with assets that exceed $ 5 for Cham-as it is systematically important, much higher than the 50,000 crore threshold.

“We have supported RBI and paid some extent, and helped us,” Berck noted. However, he stressed, “There were no concessions, no comfort, no time, nothing.”

The deal was kept under an unusual secrecy. “It was secret. No one was aware of that – when the press was struck in the morning, when everyone discovered.

For Parekh, the day was closed “a sad day and a happy day.” Although it was distinguished by the end of HDFC as an independent entity, he said this step is necessary for India to build banks that can compete worldwide. “See the size of large Chinese banks. We must be larger and larger in India.”

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He warned that Indian banks will need to grow through the acquisitions to remain competitive. In the broader total economic concerns, Parekh was martyred with continuous supply chain unrest, instability in export, and changing trade policies as major concerns for executives.

He also did not operate the words in the insurance sector, describing it as the “less understanding product” and banks extracting to the policies of poor sales that are driven by highly provided commissions.