Former HDFC Bank MD Aditya Puri Joins US-based Carlyle Group

Former HDFC Bank MD Aditya Puri joins US-based Carlyle Group, gets this responsibility.

Aditya Puri, former managing director of HDFC Bank, joins US-based global investment firm Carlyle Group as a senior advisor.

In a statement on Monday morning, the Carlyle Group said Puri would advise the Carlyle team on investment opportunities across Asia.

Puri will provide guidance on the evolving market scenario and new investment opportunities, while in addition, he is also advising Carlyle’s investment professionals and portfolio management teams on building businesses.

With assets of US $ 230 billion under management as of September 30, 2020, Carlyle has invested private capital in four business sectors including corporate private equity, real assets, global credit, and investment solutions.

Puri said Carlyle is known for its ability to transform businesses, work in partnership with management teams and other key stakeholders so that it can lead to long-term growth.

He said that I was very impressed with Carlyle’s track record in several key industry sectors, including leadership positions in financial services not only in India but across Asia.

Carlile Asia, president, and managing director X.D Yang said Puri is keen on deep expertise and new investment opportunities to help relationships and portfolio companies build better businesses.

Puri, who led HDFC Bank since its inception 25 years ago, retired last Monday.

RBI told the Supreme Court that banks, financial, and non-banking financial institutions have been asked to pay the difference between compound interest and simple interest.

Which is applied to the accounts of those eligible borrowers under the installment moratorium scheme by November 5. “Take the necessary steps to make a deposit.” This expenditure is for outstanding debts of up to two crore rupees.

The Reserve Bank of India (RBI), in an affidavit filed through Assistant General Manager Prashant Kumar Das, cited the Finance Ministry’s October 23 additional reply.

He said that the central bank had recently issued a notification to lenders from banks and financial institutions that Additional interest is asked to refund the money.

Earlier, the central government had told the apex court that under the loan installment moratorium scheme of the RBI.

The difference between compound interest and simple interest on the loan will be refunded to the eligible borrowers up to Rs 2 crore by November 5.