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Housing Development Finance Corporation (HDFC), a well-known housing finance company, reported its December quarter numbers. Concerns about rising interest rates have clouded the outlook for financial service providers, particularly lenders. The quarter has seen slower growth in HDFC’s net interest income.
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Deepak Parekh will formally relinquish his position as the chief executive officer of Housing Development Finance Corporation (HDFC) on December 31. It is an important milestone in his career spent in first making HDFC one of India’s well-respected housing finance institutions and then transforming it into a diversified financial services conglomerate.