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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The former CEO’s conservative approach helped him steer the bank through a difficult transition. But his reluctance to take on detractors and defend his team left him exposed when controversies erupted.
On Friday, 28 August, Sashidhar Jagdishan, the CEO of HDFC Bank, took a half-day off work. People who know him, and call him Sashi, say this is unusual. Few knew that Jagdishan, who was due for a third consecutive term as CEO, was wrestling with a decision: should he continue in the top job? He wanted the time off to clear his head and make up his mind.
The next morning, 29 August, he met the bank's part-time chairman, Rajiv Kumar, over breakfast and conveyed his decision. “It was the breakfast meeting with the chairman. This is where Sashi told …
Frustrated in its attempts to drum up deposits to bring down its alarming credit-deposit ratio, the private sector lender is left with no option but to put its legacy loan book on the block. Will it find takers?
Amid the rout in the stock, no one is talking about the private sector lender’s alarmingly high credit-deposit ratio—a key measure of stability—and the management’s lax approach to the problem.
Under CEO Navneet Munot, the one-time leader of the mutual fund industry has adopted a mix of investment strategies and products to regain lost ground.
