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Tuesday, December 24, 2013

Paresh Sukthankar elevated as Deputy MD of HDFC Bank

Possibly preparing the ground for him to take on the mantle of leadership from the doughty Aditya Puri, HDFC Bank has elevated its current Executive Director, Paresh Sukthankar to the position of Deputy Managing Director.

Sukthankar has been with the bank since its inception in 1994. He has direct or supervisory responsibilities for the bank’s credit and risk management, finance and human resources functions and for various strategic initiatives of the bank. Adity Puri has been the MD of India’s second largest private sector bank since 1994.

Sukthankar’s appointment will be valid for a period of three years till December 23, 2016. The bank, in a notification to the BSE, said that the appointment is subject to the approval of the shareholders of the bank.

Source: thehindubusinessline


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