Deepak Parekh steps down as IDFC chairman

Deepak Parekh steps down as IDFC chairman.

Non-Executive Chairman of Infrastructure Financing Company (IDFC) Deepak Parekh has stepped down from his post. The veteran banker was with the company since its inception in 1997.

The decision was taken in order to “create more time for himself and to participate more on the national and the international level.

Notable amongst these were Lafarge, Castrol and Hindustan Unilever, where he had the longest stint of around 14 years.

Parekh has been recently appointed to five high-powered Government-appointed advisory committees.

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