What will be the focus area of HDFC Bank merged entity? Keki Mistry answers

economictimes.indiatimes.com:

startup in October 81 when I joined HDFC. Little bit of housing loans here and there, 12.5% fixed rate interest if you take a loan up to 10,000, 10,000 to 20,000 was I think 12.5%, then 13% if it was more than a certain amount and then that went on for about eight or nine years and then we started seeing the reopening of the Indian economy," says Keki Mistry, Non-Exec Director, HDFC Bank.How does it feel, four decades being part of one organisation?Yes, long time. When I joined in 1981, I did not imagine in my wildest dream that I would be working for such a long time, forget again working in HDFC but working anywhere 40 years, honestly.

I thought 20 years, 25 years enough, that is it. But things went on, things progressed. I must say the Indian economy opened up so, so many opportunities were created.

We were a pure play mortgage finance company.You were a startup in today's terminology.We were almost like a startup in October 81 when I joined HDFC. Little bit of housing loans here and there, 12.5% fixed rate interest if you take a loan up to 10,000, 10,000 to 20,000 was I think 12.5%, then 13% if it was more than a certain amount and then that went on for about eight or nine years and then we started seeing the reopening of the Indian economy. All started with 1992, the pressures that the economy faced at that time, the opening up of the economy, foreign investors coming in and putting capital into India and I think that was a game changer.