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A Bank For The Buck (2013)

by Tamal Bandopadhyaya(Favorite Author)

3.61 of 5 Votes: 2

languge

English

genre

Nonfiction

publisher

Jaico Publishing House

review 1: The story of the birth and growth of HDFC Bank and the leadership culture that has helped maintain stability is brought out through interesting insights, anecdotes and inside stories by Tamal.There are interesting anecdotes like celebrating the tenth birthday of the calculator that throw light on the prudent practices and culture in the Bank.The different leadership styles of the top management team, the work life balance of Aditya Puri, the story of the different mergers are enriching read for a banking professional.Non bankers might find some parts of the book too heavy/uninteresting as the author goes too much into details.It is an interesting read for people in the banking industry while there are very useful insights for entrepreneurs as well.
review 2: A ... moregood read. The book is about the the HDFC Bank and it gives the details of how it was setup by Deepak Parekh and how it was nurtured by Aditya Puri and his cohorts.The book starts with Deepak Parekh reaching out to Aditya Puri, who was then in Citibank in the South East Asia and asking him to join as the CEO of a new bank that is being setup.It takes a while, but Aditya decides to jump in and so do a set of enthusiastic people who wish to create history by being part of a team that would setup a new bank in India.The book describes the growth of the HDFC Bank from the small beginnings in Sandoz house from where the initial appointment letters were sent out, many of them not even on a letter head, to being one of the largest private sector bank in India.It underlines the philosophy of the bank which says 'take calculated risk'. Aditya Puri and his team have taken the bank from its humble beginnings to the current levels without risking too much, being ethical all along, and being mildly aggressive. A part of the success is due to its decision to embrace IT system and innovations whole heartedly unlike many of the Public Sector banks.The author does not hide some of the blemishes that is has had to withstand; trading in currency derivatives; allowing a trader to open 100+ accounts in its various branches, through which she managed to make multiple applications for the IPOs as a retail investor and how they came out of these with nary a scratch.It is a good story to read for those interested in the history of the HDFC Bank. less

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