Aditya Puri, nearing retirement age, has been at the helm of $90 bln HDFC Bank over two decades. Stunning returns favour a mooted rule change allowing him, and others, to stay on, but blowups elsewhere suggest timely succession may be better: ugalani
In an interview with the Times of India dated Feb. 19, HDFC Bank Managing Director Aditya Puri questioned why regulations in the country require a banker to retire earlier than a corporate chief executive.
When asked when the search for a successor would begin, Puri told the newspaper that the bank was looking at an overlap of three months. In June, Puri told analysts a candidate would be in place 12 months before his exit. Puri has led the bank since it went public in 1995 and is due to retire in October 2020, as per the Reserve Bank of India rules that puts the maximum age for bank bosses at 70 years old. The Companies Act, however, further allows a director to continue beyond that age if shareholders agree through a special resolution.
Romesh Sobti took over as chief executive of IndusInd Bank in February 2008. He is due to retire in March next year.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
'Brace yourself for a choppy ride': A Wall Street investment chief overseeing $237 billion warns of a 'panicky' market — and lays out 4 ways traders can stay safeDeepak Puri, Deutsche Bank's Americas CIO, says the market is set to grow more volatile, and he has four strategies that can protect investors.
और पढो »
Former Goldman Sachs CEO Lloyd Blankfein cracks Twitter joke about bank CEOs being dragged before CongressFormer Goldman Sachs CEO Lloyd Blankfein was happy to be watching from the sidelines this week as CEOs from seven of the country's largest banks appeared before Congress.
और पढो »
How HDFC breaks the dismal pattern of Indian bankingIts growth and profits put it in an elite global club
और पढो »
Deutsche Bank CEO and chair to stay in top roles after possible merger: SpiegelDeutsche Bank's current Chief Executive Christian Sewing and Chairman Paul ...
और पढो »
No major bank CEO thinks a female or person of color is likely to succeed themNo major bank CEO thinks a female or person of color is likely to succeed them. The CEOs answered the question during a Congressional hearing on Wednesday.
और पढो »
Lawmakers grill bank CEOs 10 years after crisis - Reuters TVThe heads of America's biggest banks were back on Capitol Hill for the first time in 10 years to face a grilling from lawmakers on the progress made since the 2007-2009 financial crisis.
और पढो »
Bank of America is creating a digital financial coach to chase the 'holy grail' of bankingBank of America's new program is the latest evolution for an industry in the throes of change.
और पढो »
Why JPMorgan’s Dimon says he was ‘confused’ by question about bank’s next CEO being a woman or person of colorJPMorgan Chase & Co. CEO Jamie Dimon on Friday said he was confused by a question about diversity posed to him and other bank bosses at a hearing on...
और पढो »