HDFC Bank to start search for CEO Aditya Puri's successor next year

In March/April next year, HDFC Bank says it will start the process for deciding on a successor to Aditya Puri, its founding managing director and chief executive officer.

The successor will be announced by October 2019, a year prior to Puri stepping down from the charge in October 2020.

The bank's management, in a meeting with analysts, said the successor could be from within or external. Puri has maintained there is a succession plan in place, to ensure a smooth transition.

Paresh Sukthankar, the number two to Puri for a long while, is widely seen as the successor. He was elevated in December