`We were from middle-class backgrounds, wearing Bata shoes but wanting to create a world-class bank': Aditya Puri

Aditya Puri, the longest-serving chief of any commercial bank in India, reminisced about how it all started while addressing shareholders in his last annual general meeting as CEO. Puri who is credited with setting up India’s biggest private bank, which with a market cap of Rs 6 lakh crore is also the most valuable, will step down after completing his term on October 2020 when he turns 70.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/399cjmO

Read more »

Insurance aggregator Policybazaar to raise USD 150 million in third quarter of FY21

Although the company doesn't require capital for business expansion, it may raise some funds as a buffer for unforeseen events, Policybazaar.com Group CEO and co-founder Yashish Dahiya told PTI.

from Banking/Finance-Industry-Economic Times https://ift.tt/3jhCY5y

Read more »

Next 10 years will be India's golden moment in key sectors, says Silicon Valley venture capitalist

"Coronavirus is sweeping the world, especially the US and India. In spite of that, the amount of investment going into India is mind-boggling," Silicon Valley's top venture capitalist, entrepreneur and philanthropist M R Rangaswami told PTI in an interview.

from Banking/Finance-Industry-Economic Times https://ift.tt/30nl3Sk

Read more »

HDFC Bank net rises 19.6% year-on-year on back of higher income

HDFC Bank’s total capital adequacy ratio (CAR) as per Basel III guidelines was at 18.9% as on June 30, 2020, up from 16.9% on June 30, 2019, and as against a regulatory requirement of 11.075%.

from Banking & Finance – The Financial Express https://ift.tt/32u818l

Read more »

Health insurance companies working towards launching COVID-specific products: Officials

Many companies are making efforts to launch COVID- specific products with provisions for home care. MD & CEO of ICICI Lombard Bhargava Dasgupta said coronavirus treatment at hospitals is now covered by indemnity policies. Dasgupta also said traditional health insurance covers only big-ticket hospitalisation, while smaller cases are left out.

from Banking/Finance-Industry-Economic Times https://ift.tt/2CKy5RK

Read more »