"Aim To Double Every Four Years": HDFC Bank Managing Director After Merger
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The total business of the merged entity stood at Rs 41 lakh crore. Having successfully executed the merger with parent HDFC, HDFC Bank's managing director and chief executive, Sashidhar Jagdishan, said on Saturday that the country's largest lender aims to double every four years. In a letter to the over 4,000 employees from HDFC who joined the bank's rolls on Saturday, Jagdishan said the future is bright and the work on realising the potential of the merger starts now. "The runway for financial services and mortgages, which are so underserved and under-penetrated, is going to be very large. HDFC Bank, the combined entity, with a large and growing distribution and customer franchise, more than adequate capital, healthy asset quality, and profitability, will be best positioned to capture growth. At the pace at which we aim to grow, we could be creating a new HDFC Bank every 4 years," he said. HDFC Bank began the day after the merger with a rebranding exe...