The Indian Inc had go through very tough time in the year 2008 with major economies in recession. The inflation was at peak and Sensex had dipped, for many it made difficult to sustain. Only few were able to keep up with situation.
HDFC Bank was the only bank to be able to show steady growth, while some of its competitors got trapped in the sub prime mess. The bank continued its climb high.
In the third quarter the bank demonstrated a 45 per cent jump in its profits, incredible when banks around the world were thawing out.
The credit for this great growth story goes to one man who is CNN-IBN Indian of the Year – Business, Aditya Puri, and the Managing Director of HDFC Bank.
Under his guidance, HDFC bank has developed into one of the biggest private banks with over 1.2 million customers.
HDFC Bank is having the largest branch network of over 1,400 among all private sector banks - thanks to the smooth acquirement of Centurion Bank of
Aditya Puri while in process of making his bank into world class one, carefully managed risks even though being called a conservative sometimes.
His insight is being praised today with the global economy in chaos. Amid 2009 is also expected to be a difficult year for businesses worldwide, the industry will be looking at Puri for leadership.
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