HDFC Bank Managing Director Aditya Puri’s name has featured in the list of world’s 30 best chief executive officers (CEO), published by American financial magazine Barron’s. It wrotes that Puri, 66, has transformed HDFC Bank from a start-up into one of the world’s highest-quality banks, generating eye-popping returns by maintaining lending standards while expanding beyond corporate loans into a full-service retail bank. According to the magazine, a 2014 trip to Silicon Valley made Puri a digital evangelist. In hallmark style, the banker swiftly set out to remake India’s second-largest private-sector bank into the digital spot for anything money-related, it said.
That’s proving to be a bigger competitive advantage than even he imagined, as India’s surprise demonetisation in November, which voided 86 per cent of the country’s cash, catapulted demand for digital payments. It also features Microsoft’s Satya Nadella and Shantanu Narayen of Adobe Systems. The HDFC Bank managing director, Mr Puri, turned the start-up into one of the world’s highest-quality banks, the magazine said, adding that he swiftly transformed India’s second-largest private-sector bank into the digital spot for anything money-related.