HDFC Bank is on a global search to find a successor to the founding-chief executive Aditya Puri, as he would turn 70 next year.
Hong Kong-based Finance Asia conducts the annual poll to find Asia's top companies in different categories, including Best CEO, it said. In the best managed company category, HDFC Bank came third while in corporate governance category, the bank was ranked second after Infosys Technologies.
India's top bank CEO has fine-tuned his work so efficiently that he has oodles of time for his favourite pastimes.
20 CEOs are from the companies based in US.
He said companies with a good strategy, technology, capital, liquidity and a motivated team will emerge as winners after the crisis.
Shareholders had already approved his appointment in 2015 for a period of five years subject to RBI approval
Puri gave up the comforts of Citibank to set up a new-age bank from a rat-infested room in the Kamala Mills Compound in Worli, Mumbai and build a marquee brand. A look at his 26-year stint as HDFC Bank's boss.
Jagdishan, currently working as the 'change agent' of HDFC Bank and head of finance, has been with the bank since 1996.
HDFC Bank managing director Aditya Puri on Wednesday said the lender's business is returning to pre-COVID-19 levels and full normalcy is expected to be restored soon.
The Financial Times, citing multiple bankers and shareholders, reports that the real tensions ran far deeper than compliance concerns.
Puri earned a salary of Rs 7.39 crore in FY15, up 21.74% from last year
He is the chief executive and managing director of the second largest private sector lender HDFC Bank
However, the remuneration of Puri and Kochhar are not strictly comparable as the two banks follow different accounting practices.
Former HDFC Bank CEO Aditya Puri will be guiding global Carlyle on investment opportunities across Asia as a senior advisor, the global private equity major said on Monday.
Puri pointed out that government's work on agricultural constituents like functioning of the APMCs, irrigation and direct benefit transfers will help the supply side
The veteran banker has been instrumental in building the bank from scratch and turning it into the largest private sector lender of the country.
'If you want to live a happy life, you have to help the downtrodden. You have to understand that you have been given a position which is a confluence of your own capability and the grace of God. You must use that position to exemplify to others what has to be followed.'
Tamal Bandyopadhyay details HDFC Bank's digital journey.
Puri will hang up his boots this October as he will reach the maximum age limit of 70 for a chief executive officer of a private bank. Puri has been at the helm of HDFC Bank for the past 26 years, since its inception in 1994.
What is the reason behind this drying up of talent for the top post in private banks?
India's leading conglomerates are stepping up investments in real estate, recasting what was once a peripheral activity into a core growth driver. Supported by strong balance sheets, established brands and access to long-term capital, major business houses including Aditya Birla, Tata, Godrej, L&T, Raymond, Wadia, Shapoorji Pallonji, Mahindra and Adani are positioning realty as a strategic pillar within their diversified portfolios.
Leaving behind the luxe life and dapper suits of foreign banks, Puri and his team at the upstart venture shared fizz drinks, wore a footwear brand popular among the middle class, shared a rat-infested space in a yet-to-be gentrified work space to plan and execute it.
HDFC Bank managing director Aditya Puri says a little delay in monetary transmission is inevitable
'Whenever we did any scenes together, whatever we did in the film, he never said, "Let's do another take or let's move on".' 'He always asked me, "Parmeet, is it okay?" Till I gave my best, he kept going on.'
Mint Road's proposals on banks' M&A funding are cautious even as entrants root for more elbow room, and weigh business models.
'It is a beautiful balance between traditional old-world sanskaars, and new generations opening up to new worlds without renouncing respect,' observes Sandeep Goyal.
Yes, the entry of private bankers, particularly with global experience will add value to PSBs, points out Tamal Bandyopadhyay.
It's 'not looking like a Diwali lineup, which is usually grand and has superstar movies.'
Wondering where to catch some overlooked, understated gems. Here are some OTT recommendations for you.
A 49-year-old man, who was on the run for around 25 years, has been arrested in Delhi in connection with a string of crimes where he allegedly hired taxis, killed the drivers, dumped their bodies in remote forested areas of Uttarakhand and sold the vehicles off across the Nepal border, a senior police officer said on Sunday.
On Anant Chaturdashi, the 10-day long Ganesh Chaturthi celebrations come to a end. But not without one last party!
The Raja Parba or Raja festival celebrates the enduring spirit of womanhood.
Yesteryear actor Deb Mukherjee passed into the ages on March 14.
He urged employees to work as a team, follow the vision the lender has set out for itself and beat competition.
BofA-ML mandated to find buyer for 27.5% stake in media group's holding firm
There remains a debate on who said this: "When the facts change, I change my mind. What do you do, Sir?" Was it the British economist John Maynard Keynes or the American economist Paul Samuelson. Irrespective of who said it, this sentiment appears to have found resonance in ITC's boardroom in recent years.
'Reena stayed in the next building. We fell in love but had to meet secretly because her parents didn't approve of me.' 'I would always be afraid that her parents would get her married off to somebody else.'
'I need to work to find some joy in this life.'
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