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The country's second largest private sector lender HDFC Bank promoted Paresh Sukthankar as the deputy managing director.
RBI deputy governor, K C Chakrabarty had also said that there was no money laundering involved as alleged by the Cobrapost.
Private sector lender HDFC Bank on Friday reported a 31.64 per cent jump in its net profit at Rs 818.50 crore (Rs 8.18 billion) for the third quarter ended December 2009, over the corresponding period a year earlier.
In an interview with Manojit Saha and Somasroy Chakraborty, executive director Paresh Sukthankar says the bank is adequately capitalised to meet the growth targets for at least a couple of years.
Apart from navigating the bank through the Covid crisis, Jagdishan may also have to deal with the latest development on the auto loan lending practice scam. He will be expected to deliver consistent profit growth of 20 per cent-plus quarter after quarter, irrespective of the operating environment.
Private sector HDFC Bank, on Tuesday said that it would announce its base rate on Wednesday and that it did not expect any impact on its profitability or growth because of the change in the lending regime.
We believe the retail banking still remains a great opportunity. It is a long-term story. The level of penetration of the retail credit in India is estimated around 10 per cent of GDP as against other Asian countries, where it is 30-40 per cent.
ICICI Bank, HDFC Bank and Axis Bank reported healthy loan growth and asset quality.
