New Delhi: Private sector HDFC Bank Monday said the Reserve Bank of India (RBI) has approved re-appointment of Aditya Puri as managing director of the bank for another two years.
"Reserve Bank of India, vide its letter dated 22 October 2018, has accorded its approval to HDFC Bank Ltd. for re-appointment of Aditya Puri, as MD & CEO of the bank, from 1 November 2018 to 26 October 2020 (i.e. till the date of his attaining age of 70 years)," the bank said in a filing to stock exchanges.
Shareholders had already approved his appointment in 2015 for a period of five years subject to RBI approval, it said.
Puri has been with the bank since 1994, making him the longest-serving head of any private bank in the country.
During his tenure, Puri has led the bank through two major mergers in the Indian banking industry -- merger of Times Bank Limited and Centurion Bank of Punjab Limited with HDFC Bank.
Firstpost is now on WhatsApp. For the latest analysis, commentary and news updates, sign up for our WhatsApp services. Just go to Firstpost.com/Whatsapp and hit the Subscribe button.
Updated Date: Oct 30, 2018 07:26 AM