He pointed that public and private partnership can work, as in the case of YES Bank.
Deepak Parekh has dubbed the current crisis a human economic financial (HEF) crisis, completely different from the Global Financial Crisis of 2008, and said it would take at least nine months to recover fully from it.
In a webinar on Friday, the chairman of HDFC recommended that India’s financial sector should be strong or else economy will collapse, and he pushed for the NBFCs (non-banking finance companies) to be regulated.
The coronavirus pandemic has rattled lives and economies across the world, and India has not been spared either. So far, India has 7,529 coronavirus cases, with a death toll of 242.
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