The HDFC Bank has chosen global executive search firm Egon Zehnder to identify a successor to managing director Aditya Puri, the country's top private lender said on Thursday. "Egon Zehnder has been recommended by the search committee and unanimously appointed by the bank's board," Neeraj Jha, a spokesman for HDFC Bank, said in an email. According to HDFC Bank, Puri is 69 years old. HDFC Bank is one of three domestic lenders that the Reserve Bank of India (RBI) has designated as "too big to fail". Seth Eisen, senior vice president of communications at Mastercard, said Banga has not had any conversation with HDFC Bank regarding the position.

Source: Mint January 24, 2020 05:15 UTC