| BUSINESSWEEK ONLINE : JUNE 14, 1999 ISSUE | ||||||||
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| INTERNATIONAL -- ASIAN COVER STORY
Aditya Puri, Managing Director, HDFC Bank, India (int'l edition) Aditya Puri, 48, isn't excatly a workaholic. The managing director of India's hottest private commercial bank always finds time for golf and his family. He spends just an hour each day on planning. The rest of the time, he says, is spent ''bugging people to do their jobs.'' Puri's methods work: Less than 2% of his bank's loans are nonperforming, vs. India's average of 12%. Over the past five years, he has managed 40% annual profit growth, to $20 million in 1998. Lax in high school so that he ''wouldn't be forced into an engineering degree,'' says Puri, he wound up an accountant. He went to Citibank, working in different capacities around the world. When Puri was head of Citi in Malaysia, HDFC Chairman Deepak S. Parekh lured him home to start ''a first-rate Indian bank that would be a global bank.'' Puri began in 1994, with six employees in a derelict Bombay textile mill. He's now pioneering badly needed change in the Indian banking industry. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ |
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