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"No age or time is bad enough to start a business or venture. All you need is a good idea and clarity of thought and perseverance to succeed," Deepak Parekh said. ....
The fast-growing consuming class in India is witnessing the birth of a digital lending powerhouse in the form of a homegrown Ant Group, being set up by the countrys wealthiest tycoon. These disruptions are the result of the bigger consuming class that finance has helped create, but their sustainability is yet to be tested. Among the potential issues creating instability in the banking sector is the skewered nature of individual savings skewed towards the top earners, heaping pressure on cash-strapped lenders. Higher interest rates mean paying more to lenders for mortgages and other consumer credit. ....
Having successfully executed the merger with parent HDFC, HDFC Bank s managing director and chief executive Sashidhar Jagdishan on Saturday said the country s largest lender aims to double every four years. In a letter to the over 4,000 employees from HDFC who joined the bank s rolls on Saturday, Jagdishan said the future is bright, and the work on realising the potential of the merger starts now. ....