12 July 2016 Current Affairs: Aditya Puri, the chief executive and managing director of the second largest private sector lender HDFC Bank , has been ranked as the best banking CEO in Asia by the investor community.
The bank's chief financial officer Sashi Jagdishan has been ranked as the best CFO, apart from getting ranked as the best IR company as well, thereby making it the most honoured one in the Institutional Investor magazine.
Called the All-Asia Executive Team rankings 2016, the survey had 1,394 investment professionals from 582 financial institutions participating in it.
They picked HDFC Bank in the Best CEO, Best CFO, and the Best IR company categories. The survey encompassed 1,541 companies from 18 sectors across Asia, excluding Japan .
The research reflects feedback from both buy and sell-side analysts, with an unparallelled level of detail on the IR efforts of companies across the region. Respondents from the buy-side work at firms that collectively manage an estimated USD 963 billion in Asia ex-Japan equities.
Citing HDFC Bank as an example, the publication highlighted its use of technology as a key trend this year, particularly in semi-urban areas.