BS Banking Annual 2019: Indian banks safe, say SBI, HDFC Bank chiefs

HDFC Bank MD Aditya Puri and SBI Chairman Rajnish Kumar discuss the present and the future of the industry in a fireside chat

The Indian banking system is safe and is focused to protect customers’ interests, according to the chiefs of the two largest banks in the country — State Bank of India (SBI) and HDFC Bank.

“There is a lot more clarity between the government and  banks as to what needs to be done. I do believe there is no systemic risk in the Indian banking system. Let me repeat that very categorically,” said Aditya Puri, managing director, HDFC Bank.

“Is the banking system safe, secure and fine? I think so. Everyone, including the Reserve Bank of India, has come out to