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, also benefited in this 26-year stint. Earlier this week, he encashed most of his vested shares for Rs 843 crore. This is on top of the Rs 314.4 crore he …


T Surendar

Surendar helps lead the newsroom at The Morning Context as executive editor. Over the years, Surendar has worked in industries from pharmaceuticals to diamonds, as well as a stint as an equity analyst. In his long career as a business journalist, he has led teams at The Times of India, India Today and Fortune India. He was part of the founding team at Forbes India and interned at and published in The Times, London.

Executive Editor




Varun Sood

Varun is a Bengaluru-based journalist and former writer at The Morning Context. In his thirteen-year stint as a print journalist, he had worked with a number of publications, including Business Standard, the Financial Times, The Economic Times and Mint.