BANKING AFFAIRS

Detailed explanation-1: -Aditya Puri was born in Gurdaspur District (Punjab) and studied at Punjab University, Chandigarh, gaining a bachelor’s degree in Commerce. He qualified as a Chartered Accountant with the Institute of Chartered Accountants of India.

Detailed explanation-2: -Current MD & CEO Jagdishan, who took over from Puri in October 2020, is being posed the same query after the bank’s merger with parent HDFC Ltd. The merger has created a giant with a balance sheet size of Rs 29 lakh crore, next only to the State Bank of India’s Rs 52 lakh crore (till September 2022).

Detailed explanation-3: -Sashidhar Jagdishan, the new CEO of HDFC Bank, has a lot to prove after succeeding the long-serving and well-regarded Aditya Puri.

Detailed explanation-4: -The veteran banker today explained that the stake sale was nothing but part of an asset allocation strategy suited for a 70-year-old man. “My selling or buying shares has got nothing to do with what HDFC Bank does or cutting any umbilical cord, ” Puri said in an interview with ET Now.

Detailed explanation-5: -What is the salary of Managing Director & CEO at HDFC Bank ? Average HDFC Bank Managing Director & CEO salary in India is ₹ 666.7 Lakhs for null years of experience. Managing Director & CEO salary at HDFC Bank India ranges between ₹ 450.0 Lakhs to ₹ 800.0 Lakhs.