News: RBI approves re-appointment of Aditya Puri as HDFC Bank CEO till 2020

#Appointments

RBI approves re-appointment of Aditya Puri as HDFC Bank CEO till 2020

HDFC bank shareholders had approved Aditya Puri’s appointment in 2015 for five years subject to the RBI’s approval.
RBI approves re-appointment of Aditya Puri as HDFC Bank CEO till 2020

The Reserve Bank of India has approved the re-appointment of Aditya Puri as managing director of HDFC bank for another two years.

The bank said in a filing to stock exchanges, “Reserve Bank of India, vide its letter dated October 22, 2018, has accorded its approval to HDFC Bank Ltd. for re-appointment of Aditya Puri, as MD & CEO of the bank, from November 1, 2018 to October 26, 2020 (i.e. till the date of his attaining the age of 70 years).”

hdfc bank

He will now continue as the bank’s CEO till October 26, 2020.

Shareholders had already approved his appointment in 2015 for five years subject to the RBI’s approval, the bank added.

Aditya has been with HDFC Bank since 1994, making him the longest-serving head of any private bank in the country. During his tenure, he led the bank through two major mergers in the Indian banking industry — merger of Times Bank Ltd and Centurion Bank of Punjab Ltd with HDFC Bank.

In May this year, Aditya was named in Barron’s Best CEOs 2018. The American publication included Aditya Puri in the list for the fourth consecutive year recognizing him as one of the world's best CEOs in a growth leader category.

Topics: Appointments, Leadership

Did you find this story helpful?

Author


QUICK POLL

Are organizations doing enough to bridge the skills gap?

On News Stands Now
q_auto,f_auto/v1557379748/mag-may-2019.png

Subscribe now to the All New People Matters in both Print and Digital for 3 years.

Amid this new business imperative called EX, organizations are increasingly directing their focus on enhancing not only the professional prospects of their workforce but also their employees’ cumulative professional experience and creating that 'aha' moments. In this issue, we take a look at the right mix of physical, digital and emotional experiences that can help organizations elevate the employee experience, and more importantly the roadblocks that organizations face to create a home-away-home.

Subscribe
And Save 59%

Subscribe now