"We are starting to see a change in sentiment; but it won't happen overnight," Puri said.
Laying down a brief outline for the criteria, current HDFC Bank head Aditya Puri suggested that knowledge of technology and digital drive would be the top traits of focus for its next leader
Every time the call came, Mallya used to abuse and his blood pressure would go up. So, friendship and banking is not co-related, Puri stressed.
Puri turns 70 next year and has been instrumental in getting the bank to its current stature as one of the most valued banks globally in terms of price to earnings ratio.
The HDFC Bank MD also backed the Narendra Modi government's endeavour to promote digitisation in the banking system asserting that it is one of the best things to have happened in India.
The private sector bank has about 4.3 crore customers, of which about 6.5 lakh were unable to use the mobile banking app services due to a technical issue in its new app
Shareholders had already approved his appointment in 2015 for a period of five years subject to RBI approval, it said.
Paresh Sukthankar was a contender (for the CEO position), unfortunately he has resigned, MD and CEO Aditya Puri told investors
A veteran in HDFC Bank, Sukthankar was touted to be the natural successor to Aditya Puri, whose term ends in 2020
As per provisions of the Income Tax Act, Puri's salary for FY18 was Rs 7.26 crore, as against the Rs 8.12 crore he was paid in 2016-17
At an analyst meet on Wednesday, the bank’s management said it intends to start the process of identifying a successor 18-24 months ahead of Puri’s retirement
Out of the total remuneration of Rs 10.05 crore in the last financial year, gross salary accounted for little over Rs 9.5 crore.
In FY17, Kochhar got a remuneration of Rs 7.85 crore, which included a bonus of Rs 2.2 crore, according to ICICI Bank's annual report.
Directionally, as a combination of what the economy is doing, as a combination of the benefit that digitisation is giving us, as a combination of our product range and our distribution, I think the best is yet to come, said Aditya Puri, MD,HDFC Bank.
"Puri, 66, has transformed HDFC Bank from a start-up into one of the world’s highest-quality banks, generating eye-popping returns by maintaining lending standards while expanding beyond corporate loans into a full-service retail bank," Barron's said.
If you do not maintain monthly average balance (MAB) in your savings account then be ready to pay hefty fines that could go up to Rs 600.
There is no money in the payments business. The current loss reported by market leader Paytm is Rs 1,651 crore. You cannot have a business that says pay a Rs 500 bill and take Rs 250 cash-back," Puri said.
Even though the RBI left the policy rates unchanged at the last policy meet citing upside risks to inflation, borrowers can expect lower rates going forward with second largest private lender HDFC Bank today saying there is more room for banks to lower lending rates.
HDFC Bank Managing Director Aditya Puri on Friday criticised mobile wallet players as they operate on models that are not profitable.
It can be noted that almost 20 percent of the banking assets are stressed with the NPAs alone topping 13.5 percent as of the September quarter. While more than 70 percent of the system are with the state-run banks, over 90 percent of the stressed assets with them, leaving them starved of growth capital.
Aditya Puri of HDFC Bank today said the demonetisation move is positive in the long-run and the country will continue to remain a bright spot.
Keeping an optimistic view, top bankers are of the opinion that situation will normalise soon with respect to the distress caused by cash chaos.
Aditya Puri, MD of HDFC Bank, who heads CNBC-TV18‘s India Business Leader Awards (IBLA) jury, said that if demonetisation is executed as envisaged, then it will bring in a lot of efficiencies.
Nadella has been ranked fifth among 50 global corporate heads by Fortune Magazine in its annual 'Businessperson of the Year' compilation, followed by CEO of Milwaukee-based maker of water heaters A O Smith Ajita Rajendra on the 34th spot, HDFC Bank's Managing Director Aditya Puri on the 36th position and Banga on 40th.