Deepak Parekh resigns as chairman and non-executive director of HDFC Life Insurance

Deepak Parekh resigns from HDFC Life: Veteran banker Deepak Parekh has resigned as chairman and non-executive director of HDFC Life Insurance. The company disclosed this in an exchange filing today, April 18. Deepak S. Parekh has today decided to step down as chairman and non-executive director of HDFC Life Insurance, effective after business hours, the company said.

Kiki Mistry appointed chairman of HDFC board

The company also said that it has appointed Kiki Mistry as the Chairman of the Board. The company informed in its exchange filing that the board of the company has unanimously approved the appointment of Kiki Mistry as Chairman of HDFC Life Insurance with immediate effect. This decision will be implemented after the approval of the Insurance Regulatory and Development Authority (IRDA).

How were HDFC Life Insurance’s quarterly results?

Talking about HDFC Life Insurance’s quarterly results, the company’s net profit for the January-March quarter of FY 2023-24 stood at Rs 411 crore and registered a growth of 14.8% on a year-on-year basis. Is. The company’s net profit in the corresponding quarter of the previous financial year was Rs 358 crore.

Deepak Parekh has received the Padma Bhushan.

Deepak Parekh was awarded the Padma Bhushan in the field of industry and commerce by the Government of India in 2006 and this veteran banker from Maharashtra is highly respected in the industry. Recently, Nephrocare India Limited, a company backed by former HDFC Bank chairman and banking sector veteran Deepak Parekh, has also started preparing for an IPO. The company has submitted the documents related to the IPO to NSE Emerge.

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