Mr. Puri mentioned the financial institution is doing properly, has adequate capital and doesn’t have any pressure within the loans that it has made
HDFC Bank Managing Director and Chief Executive Officer Aditya Puri has assured employees of the nation’s largest non-public sector lender that their jobs and bonuses are safe.
Even because the COVID-19 pandemic rages on, Mr. Puri, who retires later this month, mentioned the financial institution is doing properly, has adequate capital and doesn’t have any pressure within the loans that it has made. He additionally hinted that the financial institution could put up a robust set of quarterly numbers within the not too long ago ended July-September interval and quarters forward as properly.
The COVID-19 pandemic has resulted in job losses, particularly within the organised sectors, as companies suffered due to financial exercise coming to a halt in lockdowns. HDFC Bank and its non-public sector rivals have met hikes and bonuses commitments because the begin of the pandemic.
“Not only are your jobs secure, your increment is also secure. Your bonus and your promotion are secure,” Mr. Puri advised over 1.15 lakh employees of the financial institution, in a video message final week.
Mr. Puri, who has led the financial institution for over 25 years since its inception, mentioned he’s giving the reassurance on behalf of the administration group together with his successor Sashidhar Jagdishan.
“The bank is doing well. We have all the capital that we need. Our portfolio is not under strain. We are aggressively using our distribution and technology advantage,” he mentioned.
He urged employees to work as a group, observe the imaginative and prescient the lender has set out for itself and beat competitors.
Mr. Puri was talking forward of the launch of festive gives by the lender in its second version.
Competing banks have additionally launched comparable aggressive choices, eyeing bigger share of transactions amid slowing consumption.
He mentioned the financial institution has not accepted defeat within the face of the coronavirus outbreak and delivered good outcomes for 2 quarters, and added that projections for the upcoming quarters additionally say the identical.
Asking the employees to share messages in regards to the festive gives on their social media handles and promised a 10-minute video chat with the worker securing the very best variety of ‘likes’ on a put up.