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.

29 July, 202012 min
0
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Business
Story image

Anil Ambani’s comeback is anything but one

The return to profitability and the deleveraging at Reliance Power and Reliance Infra are not what they’re cracked up to be. Plus, as their promoter, his past continues to haunt the two surviving group companies.

Business
Story image

HDFC Bank charged with ripping off NRI depositors. Now it is set to pay

Allegations of misselling risky AT1 bonds to retail investors come as a new headache for India’s largest private bank. The regulatory backlash could leave a $100 million hole in its books.

Business
Story image

Prashant Kumar takes spring-cleaning route to profitability

The Yes Bank CEO ushers in a spate of changes in the retail banking business to stem its loss-making streak.