Digitisation and proposed ARC for bad loans and development financial institution will help the banking industry reboot. The 25th edition of the BT-KPMG Best Bank Study brings you future ready banks and Fintechs

Aditya Puri, Ex-CEO, HDFC Bank, in an exclusive conversation with Business Today's Anand Adhikari, shared how HDFC Bank's digital transformation started and what security concerns were addressed while making those changes. Puri added that the response to their phone banking feature was phenomenal and that it would take 2-3 years for banks to move to cloud-based transactions completely. He also gives an insight into his role-change from operations to marketing at the bank. Also Read: Promoters inject Rs 2,021 crore in IndusInd Bank via conversion of warrants

RBI's recent order comes after it advised HDFC Bank to temporarily stop all new launches of digital business generating activities planned under its programme Digital 2.0 on December 3, 2020

Plan submitted to RBI includes both short and long-term solutions, which may take up to three months to implement. HDFC Bank was barred from issuing any new credit cards on December 12, 2020, after a series of technical glitches

Stocks to watch today on January 8: TCS, Biocon, Tata Power, Union Bank, Strides Pharma, HCL Tech among others are the top stocks to watch out for in Friday's trading session

\"We need larger institutions for sure,\" said Kamath. \"As a first step, the aspiration is to get to $5 trillion, but if you look at $10 trillion in the next 10 years, there is a step change that is required\"

Allowing big industrial houses in the banking sector has its own set of challenges

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Bharat Bandh will start tomorrow from 11 am to 3 pm. Members of farmers' unions will block national highways and occupy toll plazas, said Harinder Singh Lakhowal, general secretary of Bharatiya Kisan Union

The RBI has advised HDFC Bank to temporarily stop all launches of the digital business generating activities planned under its program Digital 2.0, other proposed business generating IT applications and new credit card issuance

Under Digital 2.0, there are also partnerships planned with technology companies and fintech players to offer seamless services

Puri will help Carlyle identify evolving market landscape and new opportunities and will also mentor Carlyle's investment professionals; in Asia, major Carlyle investments include stakes in SBI Cards and Piramal Pharma and Mcdonald's China

Stocks to watch today on October 27: SBI, HDFC Bank, NTPC, IDBI Bank, SpiceJet, Cummins among others are the top stocks to watch out for in Tuesday's trading session

The 'Always Mute' in WhatsApp was first rolled out for beta version 2.20.201.10 of the messaging app. But now, the feature is available for everyone

Jagdishan has been appointed for a term of three years; he will replace Aditya Puri, current Managing Director and Chief Executive Officer of HDFC Bank, who is set to retire on October 26

Share price of HDFC Bank slipped 1.37% to Rs 1,020 against previous close of Rs 1,034 on BSE

The RBI has made it obligatory for lenders such as HDFC Bank to provide information on their borrowers to Experian and three other credit bureaus on a monthly basis

On key priorities for the newly appointed CEO of HDFC Bank, Puri said that the bank needs to be digitised, taking services across the length and breadth of the country

Sashidhar Jagdishan aka Shashi joined the bank in the year 1996 as a Manager in the finance department. In 1999, he was appointed Business Head of Finance

HDFC Bank share rose 5.79%  to Rs 1,059.90 against previous close of Rs 1,001.95 on BSE