Business Today

The Big Bang

The largest private sector bank, HDFC Bank, is looking to grow in semi urban and rural markets.

When Aditya Puri joined HDFC Bank nearly 25 years ago, the bank's balance sheet was as empty as the table in his corner office today. Puri runs India's largest private sector bank without a pile of papers or digital devices on his table. He also does not use a mobile, a fact that in no way hampers his ability to imagine a fully digital identity for the bank or talk non stop about its tech intensive omnichannel strategy.

In the last 25 years, the table has remained empty, but the balance sheet with a size of Rs 11.68 lakh crore is bulging. HDFC Bank is the most valued Indian lender in the stock market with a market capitalisation of Rs 5.67 lakh

You’re reading a preview, subscribe to read more.

More from Business Today

Business Today1 min read
Read Credible, Exclusive, And Insightful Business Stories
Subscribe and get upto 81% discount*
Business Today1 min read
Not Exactly Broad-based
MUMBAI ACCOUNTED FOR 68% OF THE CASH SEGMENT TURNOVER ON NSE AND 40% ON BSE IN FY23 AHMEDABAD’S SHARE HAS ALSO BEEN PROGRESSIVELY RISING OVER THE YEARS SHARE OF TOWNS OUTSIDE THE TOP 10 FELL IN FY23 ONLY FOUR STATES HAVE OVER 10 MILLION REGISTERED IN
Business Today1 min read
Action And Reaction
1 The gold loans market has witnessed significant growth, with compound annual growth rate of 22.7% in the three years to FY23 2 The gold loans outstanding of banks and NBFCs was ₹6.1 lakh crore as of FY23, per a Nirmal Bang report 3 The average gros

Related Books & Audiobooks