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

HDFC Bank has been an outlier under Aditya Puri. Here’s why his successor will have a tougher task.
HDFC Bank has been an outlier under Aditya Puri. Here’s why his successor will have a tougher task.
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Aditya Puri, managing director, HDFC Bank, at his office in Mumbai.

Synopsis

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.

October 2020 will mark the end of an era at HDFC Bank. As Aditya Puri steps down as the lender’s managing director and CEO after spending a quarter of a century at its helm, all eyes would be on his successor. Indeed, the new CEO will have some big shoes to fill. From a humble beginning in the mid-1990s following the Reserve Bank of India’s (RBI) policy for liberalisation of India’s banking sector, HDFC Bank has come a long way under Puri’s
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