Deepak Parekh stepped down from role of Chairman and Non-Executive Director of HDFC Life Insurance

Deepak Parekh Stepped Down From HDFC Life: Veteran banker Deepak Parekh has resigned from the post of chairman and non-executive director of HDFC Life Insurance. The company has given this information in an exchange filing today on April 18. The company has said that Deepak S Parekh has today decided to step down from the post of Chairman and Non-Executive Director of HDFC Life Insurance, which will come into effect after business hours.

Keki Mistry appointed chairman of HDFC board

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

How were the quarterly results of HDFC Life Insurance?

Talking about the quarterly results of HDFC Life Insurance, the net profit of the company in the January-March quarter of the financial year 2023-24 has been Rs 411 crore and it has registered an increase of 14.8 percent on an annual basis. In the same quarter of the previous financial year, the company's net profit was Rs 358 crore.

Deepak Parekh has received Padma Bhushan

Deepak Parekh was awarded the Padma Bhushan by the Government of India in the year 2006 in the field of industry and trade and this veteran banker from Maharashtra enjoys a lot of respect in the industry. Recently, Nephro Care India Limited, a company backed by former HDFC Bank chairman and banking sector veteran Deepak Parekh, has also started preparations for IPO. The company has submitted the documents related to the IPO to NSE Emerge.

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