Even because the COVID-19 pandemic rages on, Puri, who retires later this month, mentioned the financial institution is doing effectively, has adequate capital and doesn’t have any pressure within the loans that it has made. He additionally hinted that the financial institution could submit a robust set of quarterly numbers within the just lately ended July-September interval and quarters forward as effectively.
The COVID-19 pandemic has resulted in job losses, particularly within the organised sectors, as companies suffered as a consequence of financial exercise coming to a halt in lockdowns. HDFC Financial institution and its personal sector opponents have met hikes and bonuses commitments because the begin of the pandemic.
‘Not solely are your jobs safe, your increment can also be safe. Your bonus and your promotion are safe,’ Puri informed over 1.15 lakh workers of the financial institution, in a video message final week.
Puri, who has led the financial institution for over 25 years since its inception, mentioned he’s giving the peace of mind on behalf of the administration crew together with his successor Sashidhar Jagdishan.
‘The financial institution is doing effectively. We’ve all of the capital that we’d like. Our portfolio just isn’t below pressure. We’re aggressively utilizing our distribution and expertise benefit,’ he mentioned.
He urged workers to work as a crew, observe the imaginative and prescient the lender has set out for itself and beat competitors.
Puri was talking forward of the launch of festive presents 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 staff to share messages concerning the festive presents on their social media handles and promised a 10-minute video chat with the worker securing the best variety of ‘likes’ on a submit.