“But he had to take this call. Deepak Parekh was an old friend. He was more than an old friend. He was the chairman of Housing Development Finance Corporation Ltd (HDFC), India's lone mortgage company founded by his uncle Hasmukh… — Tamal Bandopadhyaya Copy Share Image
“A lot of us asked why we weren't pricing it at a premium. We could have got a premium but Deepak said, "leave money on the table for investors. They will appreciate this in the long term." Today, when we have arguments with our promoters, one of the big lessons I learnt from our float is to price an IPO… — Tamal Bandopadhyaya Copy Share
“Aditya is fond of his whisky but prefers to drink at home when he is with his family. Deepak loves Beck's and Heineken beer with his Sunday lunches. His evening preference is Johnnie Walker's Blue Label. He holds the glass but hardly drinks, only taking small sips every once in a while. A smart strategy, especially when he has to… — Tamal Bandopadhyaya Copy Share
“The bank knew exactly what it was looking for and how to go about it. There was consensus on two critical aspects: the system had to be centralized and had to be based on UNIX, even if that meant spending tonnes of money. MicroBanker, a fully integrated online banking automation system, developed by Citicorp Information Technology Industries Ltd (Citil), a… — Tamal Bandopadhyaya Copy Share
“In the first year of its operations, HDFC Bank, which was actually a mere two and a half months old, recorded a deposit base… — Tamal Bandopadhyaya Copy Share Image
“But he had to take this call. Deepak Parekh was an old friend. He was more than an old friend. He was the chairman… — Tamal Bandopadhyaya Copy Share Image
“This is a bank that does not know anything beyond business. Chetan told me, 'When we make presentations to our MD, he says, "Teri… — Tamal Bandopadhyaya Copy Share Image
“Deepak told Aditya he was on the board of trustees of the famed Bombay Scottish School in Mumbai, and getting admission for Amrita would… — Tamal Bandopadhyaya Copy Share Image
“HDFC Bank was the first of the private lenders to go public— even before it completed a full year. 'It was a mistake,' Deepak… — Tamal Bandopadhyaya Copy Share Image
“Trade unions resisted computerization in banks till the first decade of this millennium as they feared the machines would replace them and shrink employment… — Tamal Bandopadhyaya Copy Share Image
“A career Citibanker, Samir Bhatia was familiar with Aditya's work-life balance—coming to office at half past nine in the morning and leaving at half… — Tamal Bandopadhyaya Copy Share Image
