It is one of the most coveted jobs in the Indian banking sector and market watchers are keenly awaiting who will be the chosen appointee.
Puri in an interaction with reporters said: "… the recommendations are with the search committee and before April, an appropriate person who will take the bank into the future will be announced"
Keki Mistry has been replaced by Renu Karnad of the bank's parent HDFC in the search panel
Puri retires in October this year
Puri, whose term comes to an end in October this year, is also an advisor to the search committee tasked with identifying a suitable candidate
The bank has also promoted Jagdishan and Zaveri as executive directors on its board
Credit demand is firming up and coming from roads, solar power projects, and the oil and gas sector, particularly city gas projects in the case of SBI
At Business Standard Banking Forum 2019, India's top bankers discuss the difficulties facing the country's financial services sector and what could be the way forward
For the recently concluded quarter, the slippages are expected to show mixed trend as analysts eye stable numbers from the agri-sector but warn of stress in the retail space
While the crisis with the shadow banks is over, there may be a few companies, especially with exposure to the realty space, that may face problems in the future, Puri told in an interview
The bank had reported a 1.40 per cent gross non- performing assets ratio in June quarter
Puri said the demonetisation has brought more money into the financial system which will boost economy on long-term basis
The successor will be announced by October 2019
According to the magazine, a 2014 trip to Silicon Valley made Puri a digital evangelist
Jury chose HDFC Bank MD for his contribution in digital banking, the bank's presence in rural and semi-urban India and healthy profitability
In its report, the magazine said that under Puri, the bank posted a net profit of $1.9 billion last year
He is the chief executive and managing director of the second largest private sector lender HDFC Bank
The managing Director of HDFC Bank got paid a salary of 9.73 crore in FY16
Puri is expected to resume work in a few weeks from now