MUMBAI: HDFC chairman Deepak Parekh has said that the size of the mortgage market will double to $600 billion in five years and a banking structure is the best way to tap this opportunity. In his letter to shareholders, the corporation’s chairman called for shareholders’ patience as HDFC navigates through the complexities of the merger with HDFC Bank.
“At this juncture, we are awaiting regulatory guidance. We remain respectful of all our regulators and are confident that the outcome will be judicious and fair at a systemic level,” said Parekh. He added that the corporation needed shareholders’ trust and support more than ever.
