"At an industry level, shifting of housing loans from one player's balance sheet to another does not tantamount to growth in the overall housing market. Our only call on our group companies is performance evaluation of the group CEOs, succession planning, acquisitions and key investments," he said.HDFC has various subsidiaries like Gruh Finance , HDFC Standard Life Insurance, HDFC ERGO General Insurance , HDFC Credila Financial Services and HDFC Pension Management Company which can be listed. "We now hope to extract greater value from our group companies and explore listing opportunities, where conducive. "A number of structural reforms are underway which will place India on a higher growth trajectory. We are excited about our future as we are about India's future and we hope you partake in our optimism," he said.

Source: Economic Times June 25, 2017 07:07 UTC