Mumbai: Diversified funding, conservative risk appetite and years of experience has helped HDFC come through a challenging period in the last fiscal year, chairman Deepak Parekh said in his annual letter to the company's shareholders. He was referring to the liquidity challenges faced by NBFCs & housing finance companies in the second half of the last fiscal.“We held our ground by consciously staying away from funding what we perceived were riskier assets. Unsurprisingly, in the second half of the year, we were asked what we did differently that enabled us to stay resilient and be the preferred choice in the flight to safety. “Several countries are in the midst of a political storm, while India has voted decisively for stability and continuity. This is a strong mark of confidence and India stands ready to welcome patient capital seeking to earn attractive returns to fund its growth ambitions,” he said.

Source: Economic Times July 03, 2019 15:56 UTC