Forbes ranks HDFC Bank among top 5 influential companies

HDFC Bank has been ranked among top 5 companies that have shaped Asia and the World by Forbes magazine. The list has been compiled by Forbes as it celebrates 100 years of its business-empowering magazine. The list includes Samsung, Toyota, Sony, HDFC Bank and Alibaba in the list.

In its profile of HDFC Bank, the magazine writes in its online edition: “Unlike most of the companies on this list, HDFC, India’s largest private sector bank, is largely the vision of one man. Aditya Puri is the Managing Director of HDFC, assuming the position in September 1994, making him the longest-serving head of any private bank in the country and the only head that HDFC has ever had”

Founded at a time when private sector banks were just opening up in India, HDFC has grown steadily and consistently under his leadership. “Banking is not very complicated, and you need to keep it that way,” Puri told Forbes in 2015.

The company established itself by catering to the wealthier segments of Indian society, but has since grown substantially throughout India and today has more than 4,700 branches across three countries. This growth has mirrored India’s increasing GDP, and the bank is currently focused on expanding into semi-urban and rural areas while keeping one eye on improving its technology offerings as it grows. Passionate about incorporating the latest tech into his bank’s product offering, Puri has consistently kept ahead of the curve on online banking, digital money transfers and mobile payments.   

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