A shoddy succession plan at HDFC Bank

Nobody knows who Aditya Puri’s successor will be. At a time when new entrants are hoping to disrupt the cost of banking, it should concern investors.

In the annals of corporate history, leaders are measured both with what they build and what they leave behind. That moment of reckoning has come for Aditya Puri. HDFC Bank Ltd is scouting for a successor to Puri, 69, who has helmed the bank as managing director since its inception in the mid-1990s. Puri, under whose watch the company went on to become India’s largest private sector bank by assets, […]

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Lead image from iStock.

Correction: An earlier version of this story incorrectly spelled Romesh Sobti's name. It has also been updated to note RBI's revised age limits for bank CEOs in 2014.

The Morning Context has raised money from a clutch of investors, entirely in their personal capacity. It is quite likely that some of them may be directly or indirectly involved in a competing line of business similar to the companies we write about. Our full list of investors is here.


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