Aditya Puri, the former managing director of HDFC, has been given the title of ‘world’s best banker’ by The Economist. He retired on October 26 from HDFC which is now the world’s tenth-most-valuable bank, it is worth about $90bn, more than Citigroup or HSBC.
Puri stands out as the front runner with his performance securing the highest total shareholder returns during his tenure when compared with the chief executives of the world’s top 50 banks, by market value, as per a study done by The Economist.
Watch EastMojo’s exclusive interview on the roads of the Gangtok where he speaks about how it is Northeast’s time to shine in the banking sector.
Puri feels that the banking sector suits to the developments that are taking place in this part of the country.
“We see agriculture as a growth area, tourism as a major growth area, the infrastructure that is coming up as a major growth area and we see that the agriculture produce from here should get a larger market,” said Puri while speaking to EastMojo.
Under his helm, the organisation has over the years has grown manifold along with establishing a reputation of a bank that one can always rely on. It has been depicted in the lender’s share price that had turned numerous investors into millionaires.
The HDFC bank’s stock took a 300-fold leap forwards during the 25 years of Puri’s spell, becoming India’s largest private sector bank based on market capitalisation.
Known to be a man who takes matters into his own hands, Puri was the longest-serving head of any private lending company in the country. Reportedly he was also highest paid managing director of any Indian bank earning a monthly salary of Rs 89 lakh.