A Genius indeed!

👉 With many leading banks praising Aditya Puri for being an inspiration to the banking sector, I thought of reading a bit about him & what makes him so outstanding.

😎 One thing that clearly sets HDFC apart from the rest of the bank is not having huge loan defaulters, possibly a reason why it’s a leader now.

👍 A news published by a Business standard shared how HDFC scaled from being a start-up to a mighty 6 trillion Industry under Mr.Puri’s leadership.

Here are the highlights:

🔺1. Friendship and banking are not correlated, and good friends representing bad business risk get nothing more than a coffee.

The remarks, made in the context of how he avoided lending to fugitive offenders like Mallya & Nirav Modi.

🔺2. Like other banks, it started out as a corporate-lending focused institution, but strategically shifted focus to the retail segment for both advances, and low-cost deposits courtesy corporate salary accounts.

🔺3. Hired people who shared the audacious vision to build a world-class institution.

🔺4. When the RBI asked all the banks to provide extra for a corporate account, it was the only bank that appealed against the regulator’s diktats & sought a review.

🔺5. Puri acknowledged the impressive growth to be a team effort.

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