Saturday, June 30, 2018

Crisis is an opportunity : HFDC Bank CEO

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The crisis in the banking industry is  as opportunity for well managed banks, says HDFC Bank's CEO Aditya Puri. As majority of the banking system players, including its private sector peers fight the scourge of bad loans and frauds, HDFC Bank  is looking at expanding its market share.  Puri says they will get some benefit if the rest are focused on other issues other than growth.  They expect to grow well.

 The veteran banker further said typically, his bank’s growth plans are not dependent on competition. Puri termed the ongoing troubles in the system as a period of transition, and that there is nothing to worry at the systemic level as most of the lenders are either well-capitalized or have the assurance of government support.

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