scorecardresearchExpecting more rate hikes in FY23; tighter financial conditions can impact growth: Deepak Parekh of HDFC

Expecting more rate hikes in FY23; tighter financial conditions can impact growth: Deepak Parekh of HDFC

Updated: 30 Jun 2022, 07:50 AM IST
TL;DR.
Parekh, who is the chairman of HDFC Asset Management Company, said there are reasons to be optimistic on the growth front but factors like tighter financial conditions can have an impact on the GDP expansion.
Housing Development Finance Corporation (HDFC) chairman Deepak Parekh (L) and HDFC Bank chairman Atanu Chakraborty (C) listen to HDFC vice chairman and CEO, Keki Mistry during a media briefing in Mumbai on April 4, 2022. - India's largest private bank will merge with its largest mortgage lender to become a $237 billion financial giant, both companies said, as low interest rates send demand for home loans soaring. (Photo by Indranil MUKHERJEE / AFP)

Housing Development Finance Corporation (HDFC) chairman Deepak Parekh (L) and HDFC Bank chairman Atanu Chakraborty (C) listen to HDFC vice chairman and CEO, Keki Mistry during a media briefing in Mumbai on April 4, 2022. - India's largest private bank will merge with its largest mortgage lender to become a $237 billion financial giant, both companies said, as low interest rates send demand for home loans soaring. (Photo by Indranil MUKHERJEE / AFP)