InvestorQ : Do you see any impact on HDFC Bank as a result of Aditya Puri leaving the bank?
Sam Eswaran made post

Do you see any impact on HDFC Bank as a result of Aditya Puri leaving the bank?

Answer
image
Moii Chavate answered.
4 weeks ago
Follow

You are right that 26 October was the last day of Aditya Puri at HDFC Bank as he handed over charge to Sasidhar Jagdishan on after a journey that lasted 26 years. It also brought an end to an illustrious career spanning 26 years at India’s most profitable bank.

Puri has been with HDFC Bank since its day of inception and was instrumental in building it into one of the most formidable banks in India. Today HDFC bank is leagues ahead in terms of profits or market cap compared to other banks in India.

HDFC makes more profits than all the PSU banks put together and its market value is also more than all the PSU banks put together. Puri build the bank on the back of low cost deposits, rigorous credit appraisal, asset quality focus and a relentless thrust on growth with profitability and margins.

In terms of the impact, let us remember that Sasidhar Jagdishan was handpicked by Puri and he holds him in high esteem. Also the processes and structures are well established and the focus will now have to be on sustaining and managing the growth from here on.

3 Views