HDFC Bank gets Reserve Bank of India approval to retain Aditya Puri as CEO for two more years
Aditya Puri has been with the bank since 1994, making him the longest-serving head of any private bank in the country
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.
The bogus notes were being transported to Mumbai for use in a movie, police said
Why live streaming court proceedings of Constitution Benches is a ‘supreme’ leap towards transparency
The historic move by the Supreme Court also saw wide public interest with over eight lakh views of the proceedings
RBI had raised the repo rate by 40 bps in May and 50 bps each in June and August. The present rate is 5.4 per cent.