Equity benchmark Sensex jumped over 200 points in early trade on Friday, tracking gains in index majors HDFC twins, ICICI Bank and TCS amid positive cues from global markets.
Aditya Puri, HDFC Bank Chief Executive Officer (CEO) and Managing Director, in an attempt to boost the morale of its employees, assured them that their jobs, bonuses and increments are secure.
Ranked at Number 39, he is the only CMO of an Indian company to be featured in the illustrious list which includes marketing heads of Apple, BMW, Lego, Adobe, Microsoft, P&G among others.
Ravi Santhanam, the Chief Marketing Officer (CMO) of HDFC Bank, has made it to the Forbes' list of 'World's Most Influential CMOs'.
After State Bank of India (SBI), HDFC Bank has stipulated a minimum outstanding balance of Rs 25,000 to consider the credit card or loan outstanding for restructuring under the scheme approved by the Reserve Bank of India (RBI).
In a regulatory filing on Sunday, the lender said that it approved over Rs 47,000 crore of home loans under CLSS to homebuyers belonging to the economically weaker section (EWS), low income group (LIG) and middle income groups (MIG).
A lot has been achieved in the 26-year old journey of HDFC Bank but the "best is yet to come", the lender's outgoing Managing Director Aditya Puri said. Puri expressed satisfaction that he was passing on the baton to Sashidhar Jagdishan, who is the "worthiest person" to lead the bank.
HDFC Bank has reduced its marginal cost of funds-based lending rates (MCLR) by 10 basis points across all tenors with effect from Friday.
After rallying 452 points during the day, the BSE Sensex slipped in the red to end 24.58 points or 0.07 per cent lower at 37,663.33.
The BSE Sensex settled 748.31 points or 2.03 per cent higher at 37,687.91, while the NSE Nifty rallied 203.65 points or 1.87 per cent to 11,095.25.
Sashidhar Jagdishan is set to replace Aditya Puri as HDFC Bank CEO after the Reserve Bank of India approved his name. Sashidhar Jagdishan is currently the additional director of HDFC Bank and has been associated with it for over 30 years.
Shares of HDFC Bank on Monday declined over 3 per cent after its chief executive and managing director Aditya Puri sold shares worth Rs 842.87 crore of the private lender last week. The stock dipped 3.36 per cent to Rs 1,081.10 on the BSE.
Aditya Puri quit his job as head of Citibank Malaysia to launch HDFC Bank in 1994, has created the country’s second-largest lender. The bank's board last year set up a 6-member search committee to identify his successor.
HDFC Bank Managing Director Aditya Puri has emerged as the highest-paid banker among the top executives of leading lenders for FY2019-20, with his salary and prerequisites jumping to Rs 18.92 crore. A look at top 3 paid bank MD and CEOs in India.
HDFC Bank CEO Aditya Puri has retained his position at the top of the table of highest-paid banking CEOs in the country. As per the latest figures, Puri's earnings jumped by 38 per cent compared to last year.
The shareholders of HDFC Bank also approved the re-appointment of Malay Patel as an Independent Director, and Kaizad Bharucha as Executive Director and appointment of Renu Karnad as Non-Executive Director of the bank.
HDFC Bank, the largest private sector lender in India has reported a nearly 20 per cent rise in its net profit for June quarter of the current financial year.
Equity benchmark Sensex rallied 548 points on Friday, buoyed by gains in index-heavyweights Reliance Industries, HDFC twins, ICICI Bank and HUL.
Earlier on Monday, HDFC Bank spokesperson said, "We would like to state that the executive concerned who was on an extension of service retired on March 31, 2020 in the normal course of his employment.
The HDFC Bank has reduced the marginal cost of funds-based lending rates (MCLR) on loans across tenors by 20 basis points with immediate effect. Following the reduction, MCLRs of the bank will range from 7.10 per cent to 7.65 per cent.
Top News
Latest News
