Covid-19 Is More A Biological Than Financial Crisis: Aditya Puri
Money & Banking
Private sector lender HDFC Bank on Monday said it is not expecting any major impact from the current lockdown and coronavirus pandemic and said it is more a biological than a financial crisis.
“Once we solve the biological issue, this is not a crisis. We only want to watch out on that,” said Aditya Puri, Managing Director and CEO, Aditya Puri.
He also told reporters that the bank would be happy to step in for customers if they are facing a temporary cash-flow issue provided they have the capability to pay back later.
He also said that forbearance needs to be given across sectors and expressed hope that the Reserve Bank of India will look into the issue.
Replying to questions, Puri also said that the bank is working on a succession plan and the recommendations have been made to the search committee. The name of the candidate could be announced before April, he said.
HDFC Bank scrip fell to a 52-week low of ₹764.85 apiece on BSE on Monday in intra -day trade. It later recovered and was trading at Rs 781.35 apiece.
Published on
March 23, 2020
Private sector lender HDFC Bank on Monday said it is not expecting any major impact from the current lockdown and coronavirus pandemic and said it is more a biological than a financial crisis.
“Once we solve the biological issue, this is not a crisis. We only want to watch out on that,” said Aditya Puri, Managing Director and CEO, Aditya Puri.
He also told reporters that the bank would be happy to step in for customers if they are facing a temporary cash-flow issue provided they have the capability to pay back later.
He also said that forbearance needs to be given across sectors and expressed hope that the Reserve Bank of India will look into the issue.
Replying to questions, Puri also said that the bank is working on a succession plan and the recommendations have been made to the search committee. The name of the candidate could be announced before April, he said.
HDFC Bank scrip fell to a 52-week low of ₹764.85 apiece on BSE on Monday in intra -day trade. It later recovered and was trading at Rs 781.35 apiece.
Published on
USAA Members Benefit From ~$3.7 Billion In Financial Rewards In 2025
Record Amount Underscores Association’s Commitment to Military Families Read more
USAA Ranked Highest By J.D. Power For Second Consecutive Year For Member Satisfaction In Individual Annuities
USAA continues to set the standard for personalized, efficient and reliable service across the industry. Read more
USAA Launches “Honor Through Action,” Committing $500 Million Over Five Years To Champion The Military Community
Movement will focus on meaningful careers, financial security and well-being for our nation’s veterans and military fa... Read more
USAA Extends Government Shutdown Relief, Totaling More Than $411M To Its Members
Nov 05 2025 SAN ANTONIO – November 5 – As the government shutdown continues, USAA is e... Read more
USAA To Serve As Title Sponsor For HYROX Dallas In November 2025
Through military veteran athletes, content and onsite activation, USAA will elevate the importance of well-being through... Read more
USAA Delivers Advice, Financial Assistance As Government Shutdown Continues
FOR THE LATEST DATA ON USAA SHUTDOWN RELIEF, VISIT USAA STORIES: LINK Read more