HDFC bank has enough managerial depth to keep the growth engine humming, Puri told investors.
Edelweiss Alternative currently manages seven funds which invest in sectors such as infrastructure, real estate and distressed debt.
Puri addressed analysts in an early morning confernce call in light of Sukthankar's shock exit from India's most valued lender on Friday evening.
“The sudden resignation of the DMD who could have been a likely candidate for the CEO position throws a spanner in the works,” said Suresh Ganapathy, research analyst, financials, at Macquarie.
ICICI’s weight in Morgan Stanley’s Asia banks portfolio is 15 per cent – the heaviest for a single stock.
Gearing refers to the level of a company’s debt related to its net worth.
The government cleared appointment of S Gurumurthy, the co-convenor of RSS affiliate Swadeshi Jagran Manch.
Moody’s downgraded the company’s long term rating to AA+ from AAA.
Cibil estimates that the total unrecognised NPAs has shrunk from Rs 5.5 lakh crore in March 2017 to Rs 3.1 lakh crore in March 2017.
As per RBI guidelines promoter group shareholding shall be 15% of paid-up capital.
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