The Managing Director and Chief Executive Officer of HDFC Bank, Aditya Puri has stepped down, after 25 years of a highly successful career at India’s largest private sector lender. The 70-year-old Puri had transformed a start-up in a sector dominated by state-owned banks into an industry leader. At nearly Rs 6 trillion, HDFC Bank leads the industry in terms of market capitalisation and remains the most profitable by a long margin.
Sashidhar Jagdishan has been appointed as the new chief executive and managing director of the HDFC Bank w.e.f. 27 October 2020.
Important takeaways for all competitive exams:
- The tagline of HDFC Bank: We Understand Your World.
- HDFC Bank Headquarters: Mumbai, Maharashtra.