Newsmaker: Meet HDFC’s Kaizad Bharucha, the highest-paid banker of FY22

The COVID-19 pandemic turned a watershed yr for the lender’s wholesale lending enterprise, rising this wholesale e book a lot quicker than retail

HDFC | retail

HDFC Financial institution’s government director Kaizad Bharucha, who not too long ago emerged because the highest-paid banker in FY12, joined the personal sector lender in 1995 – one of many first to get regulatory approval to start out banking enterprise. yr later. Within the first few years, HDFC Financial institution was largely engaged in wholesale banking. After about 5 years, the lender entered retail banking which grew to become – and stays – the driving power of the financial institution.

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First printed: Tues, 16 August 2022. 18:27 IST

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