HDFC will set up medical camps and rebuild health centres, aid in school renovations and reconstructions.

Aditya Puri said that Sukthankar left because of some personal reasons and his exit had nothing to do with HDFC Bank's succession plan. He, however, said that Sukthankar was among the contenders for CEO position.

Paresh Sukthankar, the man who was seen as a natural successor to Aditya Puri, MD & CEO, abruptly resigned on Friday from the largest private bank in the country.

Paresh has reportedly cited personal reasons for resigning from the post. HDFC Chairman Deepak Parekh says he has done an excellent job during his association with the bank.

Infosys to build software development centre in NoidaInfosys Ltd has said it would build a software development centre in Noida in Uttar Pradesh, with an initial investment of about 7.5 billion rupees ($109 million). India's second-biggest software services exporter said the 2.7 million square feet facility would be able to accommodate 5,000 staff. \"The facility is a critical part of our effort to enhance our presence in the national capital region and leverage the talent pool ...

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-capitalised or have the assurance of government support.

Professional CEOs have been generously rewarded for creating enormous wealth for their companies.

A peek into the whys and hows of CEO compensation in the country

Flipkart co-founder Sachin Bansal bids adieu in emotional Facebook postNews of Flipkart co-founder Sachin Bansal's exit from the company had surfaced even before the Walmart deal was finalised. Now, with the Walmart-Flipkart deal following through, Sachin Bansal has put up an emotional post on Facebook. \"Sadly my work here is done and after 10 years, it's time to hand over the baton and move on from Flipkart. But I'll be watching and cheering from the outside - Flipsters, you bet...

Puri, who has been the Managing Director of the Bank since September 1994, said that the talent for CEO's post could be internal or external and an announcement will be made in next 18 months.

ICICI was often given the tag of 'CEO factory' for the fast growing financial services industry.

Three months into 2018, the Axis Bank has faced issues like an RBI fine for non-compliance with its asset classification norms, exits/forced resignations at the top level, and fighting a legal battle against the Telecom Department's recent order against new bank guarantees from the bank.

In this second part of the interview, Aditya Puri, the Managing Director of HDFC Bank, touches on several important issues such as the bank's presence in rural and semi-urban areas and how the bank is using technology and artificial intelligence to help customers across the country.

At a time when public sector banks are reeling under high non-performing assets (NPAs), Aditya Puri, Managing Director of HDFC Bank, shares the bank's basic tenets of growth and discusses how Aadhaar will help weed out informal economy. The Managing Director of HDFC Bank also throws light on the problem of growing balance sheets and demonetisation.

HDFC Bank is deepening the digitisation push even as it exploits the 'Bharat' opportunity cautiously and profitably.

Meanwhile, Sensex and Nifty have logged spectacular rally rising 6.37% (2152 points) and 5.84% (609 points) since the beginning of this year on FII inflows, Q3 corporate earnings and Budget 2018 expectations.

The financial sector continues to face huge challenges such as poor credit growth and huge bank NPAs. Some players crossed these hurdles with aplomb. Here is the list of Top 30 CEOs from the BFSI sector.

With retail inflation receding to record low levels, the Reserve Bank is likely to cut the benchmark lending rate by at least 0.25 per cent in its third bi-monthly monetary policy review on Wednesday.

An analysis of remuneration disclosures made by top listed companies forming part of the blue-chip index Sensex --under directions of the capital markets regulator Sebi --shows that the pay packages of senior-most personnel such as CEOs and executive chairmen continue to remain high and rose further at most private sector firms during 2016-17.

SBI, one of the world's 50 largest banks, pays only a small fraction to its top management as compared to private sector players like ICICI Bank and HDFC Bank.