HDFC Chairman Deepak Parekh Announces Retirement

Category : Appointment/Resignation Published on: July 08 2023

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HDFC Chairman Deepak Parekh announced his retirement.
Having dedicated 46 years to the firm, Parekh had earlier indicated that he would step down from his position on June 30 following the merger of HDFC and HDFC Bank.
The Reserve Bank of India appointed Parekh as the chairman of the Advisory Group for Securities Market Regulation, highlighting his deep understanding of market dynamics and regulatory frameworks.
Additionally, he served as the chairman of an expert committee established by the Ministry of Power, tasked with spearheading reform efforts in the power sector.
He has served on board of various companies including Siemens Ltd, DP World (UAE), Fairfax Financial Holdings Corporation (Canada) and Economic Zones World FZE (UAE). He is also on the board of National Investment and Infrastructure Fund.