Macquarie’s Suresh Ganapathy and former RBI Deputy Governor SS Mundra discuss whether HDFC Bank should choose its next CEO from within or outside the bank. Ganapathy outlines the potential market response to both scenarios, while Mundra highlights the importance of institutional depth and benchmarking internal talent against external candidates. Read more here
\n\nHDFC Bank’s CEO succession is also an opportunity to look beyond the appointment itself. Ashvin Parekh, Managing Partner, Ashvin Parekh Advisory Services, and Deepali Pant, former ED, RBI, macro economist and ex-macro policy formulator, discuss the lender’s long-term priorities, with governance, execution and growth in focus.
\n\nThe recent developments are not the first instance of differences emerging within HDFC Bank’s board. Ahead of the IPO of its shadow banking arm HDB Financial Services, the board was split over the proposed listing, with Atanu Chakraborty backing the IPO while Sashidhar Jagdishan had personally invited Japan’s MUFG for a stake sale. “There were differences over the valuation part,” a source told CNBC TV18 at the time.
\n\nThe bank has also faced turbulent periods in the past. Its merger with erstwhile parent HDFC Ltd put pressure on its credit-deposit ratio, while its private banking team in Dubai faced allegations of massive…
Original source: https://www.cnbctv18.com/technology/
