Money & Markets
Long before it became a bank, HDFC was one of India’s earliest startupsToday, it is indeed hard to imagine how primitive the Indian financial system was just a quarter of a century ago. Several economic reforms and liberalisation measures were ushered in as a result of the balance-of-payments crisis in 1991…To better understand the impact of the economic reforms on a financial institution like the Housing Development Finance Corporation Limited (HDFC), it is useful to reflect on the origins of the institution.
Updated July 20, 20226 min read