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Banking

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Banking

Sashidhar Jagdishan: a behind-the-scenes veteran’s journey to succeed Aditya Puri as HDFC Bank CEO

Jagdishan was among the inner circle of top executives at HDFC Bank, responsible for an industry-beating 25% quarterly growth in net profits over the years. He has big shoes to fill and a tough task at hand. While familiarity with the bank’s working and processes is a clear advantage for Jagadishan, he needs to keep governance and digital initiatives as his topmost priority.

Banking

HDFC Bank has been an outlier under Aditya Puri. Here’s why his successor will have a tougher task.

The credit for HDFC Bank’s outperformance should primarily go to its well-knit management team — the lender’s biggest intangible asset, which is also the envy of its rivals. But with the impending change of guard at its helm, the bank is headed for challenging times, as maintaining the growth momentum in the post-pandemic world will be a tall order.

Banking

Loan-waiver demands for the industry are unrealistic. India, and its banks, can’t afford it.

Public sector banks (PSBs) don’t have the financial muscle to afford large-scale loan waivers as a lifeline to the Indian industry. It’ll eventually have to be funded by the government, which is terribly stretched at the moment. Such a move will restrict PSBs’ lending activity and can impact economic recovery – the last thing India needs at this critical juncture.

Banking

Yes Bank’s bond write-down can damage capital-starved India’s creditworthiness. Do a rethink.

RBI’s proposed write-down of Yes Bank’s perpetual bonds has grave implications for India’s ailing financial system. The country can’t be seen as indifferent to creditor obligations. It couldn’t have come at a worse time — just when India is making efforts to quickly expand its small bond market and tap international debt markets through a larger presence in global bond indices.

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