{"id":14757,"date":"2020-08-13T15:14:51","date_gmt":"2020-08-13T15:14:51","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=14757"},"modified":"2020-08-13T15:14:51","modified_gmt":"2020-08-13T15:14:51","slug":"lot-has-been-done-but-best-of-hdfc-bank-yet-to-come-says-aditya-puri","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=14757","title":{"rendered":"Lot has been done, but best of HDFC Bank yet to come, says Aditya Puri"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"article-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" class=\"lazy lazy-hidden size-full wp-image-2054262\" data-lazy-type=\"image\" src=\"https:\/\/images.financialexpress.com\/2020\/08\/1-434.jpg\" alt=\"Earlier this month, HDFC Bank appointed Jagdishan as the managing director with effect from October 27, when Puri turns 70.\" width=\"660\" height=\"440\" srcset=\"\" sizes=\"auto, (max-width: 660px) 100vw, 660px\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"lazy lazy-hidden size-full wp-image-2054262\" data-lazy-type=\"image\" src=\"https:\/\/images.financialexpress.com\/2020\/08\/1-434.jpg\" alt=\"Earlier this month, HDFC Bank appointed Jagdishan as the managing director with effect from October 27, when Puri turns 70.\" width=\"660\" height=\"440\" srcset=\"\" sizes=\"auto, (max-width: 660px) 100vw, 660px\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-2054262\" src=\"https:\/\/images.financialexpress.com\/2020\/08\/1-434.jpg\" alt=\"Earlier this month, HDFC Bank appointed Jagdishan as the managing director with effect from October 27, when Puri turns 70.\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2020\/08\/1-434.jpg 660w, https:\/\/images.financialexpress.com\/2020\/08\/1-434-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2020\/08\/1-434-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2020\/08\/1-434-401x267.jpg 401w, https:\/\/images.financialexpress.com\/2020\/08\/1-434-440x293.jpg 440w, https:\/\/images.financialexpress.com\/2020\/08\/1-434-80x54.jpg 80w, https:\/\/images.financialexpress.com\/2020\/08\/1-434-313x209.jpg 313w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\"\/><\/noscript><\/noscript><span class=\"article-caption\">Earlier this month, <a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/hdfc-bank-ltd-stock-price\/\" rel=\"noopener noreferrer\">HDFC Bank<\/a> appointed Jagdishan as the managing director with effect from October 27, when Puri turns 70.<\/span><\/figure>\n<\/div>\n<p>A lot has been achieved in the 26-year old journey of HDFC Bank but the \u201cbest is yet to come\u201d, the lender\u2019s outgoing Managing Director Aditya Puri said.<\/p>\n<p>Puri expressed satisfaction that he was passing on the baton to Sashidhar Jagdishan, who is the \u201cworthiest person\u201d to lead the bank.<\/p>\n<p>Earlier this month, HDFC Bank appointed Jagdishan as the managing director with effect from October 27, when Puri turns 70.<\/p>\n<p>\u201cI haven\u2019t been happier than I\u2019m now as I write this. I\u2019ve always maintained our best is yet to come, and with Sashi now at the helm I have no doubt that our best will come.<\/p>\n<p>\u201cI wouldn\u2019t go into the qualities he possesses because most of us would know that. Suffice to say that in him you have the best person to lead and I have the worthiest person to hand over the baton to,\u201d Puri said in an e-mail to the lender\u2019s employees.<\/p>\n<p>Puri, who joined as the first employee of HDFC Bank, said, \u201cIf I look back, 26 years seems like yesterday. From my first office with broken chairs to now, what we\u2019ve achieved in this time is incredible and doesn\u2019t have too many parallels globally.\u201d<\/p>\n<p>The veteran banker has been instrumental in building the bank from scratch and turning it into the largest private sector lender of the country.<\/p>\n<p>\u201cSample some of our achievements that I am very proud of\u2013 We truly are a world-class <a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/indian-bank-stock-price\/\" rel=\"noopener noreferrer\">Indian Bank<\/a> today and one of the largest in independent India in terms of outreach, balance sheet, number of customers, and market capitalisation. We have brought 1.11 crore families out of poverty through our Sustainable Livelihood Initiative (SLI),\u201d he said.<\/p>\n<p>Besides, he said, the bank has made a difference to the lives of over 7.8 crore Indians through its corporate social responsibility initiative Parivartan.<\/p>\n<p>\u201cWe\u2019ve come to be recognized as one of the country\u2019s best wealth creators and we have emerged as one of the largest employers in independent India,\u201d he added.<\/p>\n<p>The bank over the 26 years has built an employee strength of about 1.16 lakh. It has a branch network of 5,326 and 14,996 ATMs across 2,825 cities and towns of the country.<\/p>\n<p>Giving credit to employees for the success, he said, \u201cLike I\u2019ve always said I\u2019m just the face of the success called HDFC Bank. It\u2019s you that the real credit goes to. We wouldn\u2019t be what we are today without you. So take a bow and keep showering on Sashi the same love and affection that you\u2019ve showered on me all these years for which I\u2019m going to remain eternally grateful to you.\u201d<\/p>\n<p>Jagdishan has been with the bank since 1996 and joined as a manager in the finance function.<\/p>\n<p>He was appointed as a \u2018change agent\u2019 recently and heads the finance, human resources, legal and secretarial, administration, infrastructure, corporate communications and corporate social responsibility functions.<\/p>\n<p>Under Puri, the bank\u2019s net profit has grown from Rs 80 lakh in 1994-95 to Rs 26,257 crore in 2019-20.<\/p>\n<p>Puri, an ex-Citibanker, emerged as the highest-paid Indian banker in FY 2019-20 with a 20 per cent growth in gross earnings at Rs 18.92 crore.<\/p>\n<p>He also earned an additional Rs 161.56 crore in FY20 and Rs 42.20 crore in FY19 by exercising his stock options.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/s-p-bse-sensex-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">BSE<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nifty-50-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">NSE<\/a>, <a href=\"https:\/\/www.financialexpress.com\/investing-abroad\/\" target=\"_blank\" rel=\"noopener noreferrer\">US Market<\/a> and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\"https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\"https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<p class=\"telegram-text\"><img loading=\"lazy\" decoding=\"async\" class=\"telegrma_img\" src=\"https:\/\/images.financialexpress.com\/2020\/04\/telegram.png\" alt=\"\" width=\"24\" height=\"24\" style=\"margin: 0px 5px 4px 0px; float: left;\"\/>Financial Express is now on Telegram. <a href=\"https:\/\/t.me\/TheFinancialExpressOnline\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to join our channel<\/a> and stay updated with the latest Biz news and updates.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\\\"https:\/\/www.financialexpress.com\/industry\/banking-finance\/lot-has-been-done-but-best-of-hdfc-bank-yet-to-come-says-aditya-puri\/2054256\/\\\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Earlier this month, HDFC Bank appointed Jagdishan as the managing director with effect from October 27, when Puri turns 70. A lot has been achieved in the 26-year old journey of HDFC Bank but the \u201cbest is yet to come\u201d, the lender\u2019s outgoing Managing Director Aditya Puri said. Puri expressed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14758,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-14757","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/08\/1-434.jpg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/14757","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14757"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/14757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/14758"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}