InvestorQ : When is HDFC Bank expected to finalize its next CEO after Aditya Puri?
NISHA Nayak made post

When is HDFC Bank expected to finalize its next CEO after Aditya Puri?

Answer
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5 months ago


In an official communication, HDFC Bank announced on Saturday that its board had finalised the names of three candidates to replace Aditya Puri who retires on October 26 this year. The bank confirmed that the board of directors of HDFC Bank had finalized the names of 3 candidates, in the order of preference, for the position of managing director and CEO. However, the details can only be divulged by the bank after it submits its application to RBI with the names of the candidates in the order of preference and after obtaining RBI approval. The process to find a successor to Puri had commenced at the bank in November 2019. Earlier the RBI had advised HDFC Bank to wait for the new managing director to take over later this year before submitting proposals for two key board appointments. Subsequently, Sashidhar Jagdishan and Bhavesh Zaveri tendered their resignations as additional directors on the board and both are touted as possible candidates for the top job.