Aditya Puri is the outgoing Managing Director of HDFC Bank. The 70-year-old banker assumed this position in September 1994. The veteran banker has been instrumental in building the bank from scratch and turning it into the largest private sector lender of the country. More
Sashidhar Jagdishan will replace Aditya Puri as Managing Director and Chief Executive Officer of HDFC Bank on October 27.
At least 18 executives have exited HDFC Bank since FY17. Many of them had been with the bank for over a decade and were part of the private lender’s unparallelled growth story. Jagdishan will be off the blocks with a relatively new team.
Aditya Puri is optimistic that recovery is happening and believes a lot of positivity is needed to improve sentiment
Aditya Puri said HDFC Bank built its brand on brand on trust, safety and transparency along with cutting edge technology.
Given the stellar performance and the high probability of the valuation getting re-rated, HDFC Bank is a must buy stock and should form part of every investor’s core portfolio
Even as the COVID-19 pandemic rages on, HDFC Bank’s Aditya Puri, who retires later this month, said the bank is doing well, has sufficient capital and does not have any strain on the loans that it has made
Launching the second edition of the bank’s 'Festive Treats' offers, Puri also urged customers to shake off the gloom and return to the buying mode.
Larsen and Toubro MD SN Subrahmanyan and JSW Steel Chairman Sajjan Jindal took the highest pay cut between 43 and 44 percent
The investigation is reportedly resulting from allegations that HDFC Bank may have issued materially misleading business information to the investing public.
The veteran banker has been instrumental in building the bank from scratch and turning it into the largest private sector lender of the country.
HDFC Bank turned out to be a mega wealth creators since it got listed, but we never knew that it would become this big, Shankar Sharma, co-founder and vice-chairman, First Global said in a podcast.
One could buy 25 stocks with some good research. Out of the 25 at the end of 5 or 10 years, 5 will become multibaggers, says Shankar Sharma.
Moneycontrol asked three financial planners how he should deploy his retirement corpus
Aditya Puri retires as HDFC Bank's Managing Director on October 26, 2020. Sashidhar Jagdishan has been appointed as his successor.
Puri, who retires as HDFC Bank's Managing Director in October, said Jagdishan has the necessary skills to lead the bank.
Puri has been the managing director of the bank since September 1994 which makes him the longest serving MD at a private bank. As law requires bankers to retire at 70, his 26-year tenure at the bank will end in October.
‘GPS for vehicle loan’ episode has damaged HDFC Bank’s speckless reputation just when the private lender is preparing to hand over the reins to a new boss.
According to PwC’s Strategy & Global Study 2018, CEO turnover across companies has been rising. Significantly, the study also notes “Successors to long serving CEOs are not faring as well as they are likely to have shorter tenures, worse performance and more often forced out of office than the CEOs they replaced.”
Puri reacted to a tweet by the Bata India team with the image of a cake along with a note that said he is still a client of the manufacturer.
HDFC Bank Managing Director Aditya Puri took home a total remuneration of Rs 18.9 crore in FY20
In June, HDFC Bank said it has given three names in order of their preference to the RBI.
HDFC Bank’s valuation has fallen while the long-term growth and profitability outlook are very strong
HDFC Bank on July 18 reported a standalone profit of Rs 6,658.62 crore for the June quarter, a 19.6 percent year-on-year growth.
The remarks by Puri came amid reports about the circumstances under which the head of the auto loan business retired in March and also about probes reportedly initiated by the bank to ascertain conflict of interest.
HDFC Bank Managing Director Aditya Puri took home a total remuneration of Rs 18.9 crore in the fiscal year 2019-20, according to the latest annual report released by the bank which is around 38% higher than the previous financial year.