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<ul><li><keyword id="6357149" type="COMPANY" weightage="20" keywordseo="hdfc-bank">HDFC Bank</keyword> on Saturday said its board has finalised three candidates, in order of preference, to succeed CEO and MD Aditya Puri, but did not disclose the names, saying they will be communicated to the <keyword id="30067" type="ORGANIZATION" weightage="20" keywordseo="RBI">RBI</keyword>. </li><li>Puri has been the head of the lender since its incorporation 25 years ago.</li><li>A media report in the run up to the board meet had mentioned the names of Sashidhar Jagdishan, Kaizad Bharucha and Sunil Garg as the ones who had made the cut.</li></ul>HDFC Bank on Saturday said its board has finalised three candidates, in order of preference, to succeed CEO and MD Aditya Puri, but did not disclose the names, saying they will be communicated to the RBI. Puri has been the head of the lender since its incorporation 25 years ago and has led it to be the largest and most valuable bank, on the back of a strict hold over asset quality. It is one of the most coveted jobs in the Indian banking sector and market watchers are keenly awaiting who will be the chosen appointee. The HDFC Bank board had appointed a search committee and also engaged external headhunters to help it zero in on a candidate. "The Board of Directors of the Bank has today (Saturday) finalised the names of three candidates, in the order of preference, for the position of the managing director and chief executive officer (MD &amp; CEO) of the bank," the bank informed the bourses in a statutory filing. It did not elaborate on who the three were. A media report in the run up to the board meet had mentioned the names of Sashidhar Jagdishan, Kaizad Bharucha and Sunil Garg as the ones who had made the cut. Jagdishan and Bharucha are internal candidates, while Garg is working with American banking major Citigroup. Garg is the chief executive of Citi Commercial Bank, while Jagdishan is an additional director who heads the finance, human resources, legal and secretarial functions at HDFC Bank, and Bharucha is an executive director responsible for wholesale banking. Earlier this month, the Reserve Bank had asked for the appointments of both Jagdishan and Bharucha to be kept in abeyance, asking for the new chief executive to take a call on it. Puri had recently told reporters that his successor will be announced before April. "...the recommendations are with the search committee and before April, an appropriate person who will take the bank into the future will be announced," he had told reporters over a conference call last month.

HDFC Bank board shortlists 3 preferences to succeed Aditya Puri, waits for RBI nod

<ul><li><keyword id="6406769" type="ORGANIZATION" weightage="20" keywordseo="aditya-puri">Aditya Puri</keyword> has joined The <keyword id="154947" type="COMPANY" weightage="20" keywordseo="Carlyle">Carlyle</keyword> Group as a senior advisor.</li><li>Puri, who led <keyword id="6357149" type="COMPANY" weightage="20" keywordseo="hdfc-bank">HDFC bank</keyword> for 26 long years, will advise Carlyle on investments across Asia. </li><li>Puri had retired from HDFC on October 26 and was succeeded by Sashidhar Jagdishan.</li></ul>Former HDFC Bank CEO Aditya Puri has joined The Carlyle Group as a senior advisor. Puri, who was at the helm of the HDFC bank for 26 long years and is credited with the bank’s success, will advise Carlyle on investments across Asia. “Carlyle is known for its ability to transform businesses, working closely in partnership with management teams and other key stakeholders to drive sustainable long-term growth. I am very impressed with Carlyle’s track record in a number of key industry sectors, including its leadership position in financial services, not just in India but across Asia. Whether this is with founder-led businesses or large conglomerates, Carlyle’s focus on building better businesses is something I have a great affinity for. It will therefore be a pleasure to act as senior advisor to the Carlyle team in support of their investing activities across Asia,” said Aditya Puri in a statement. Puri had retired from HDFC on October 26 and was succeeded by <a href="https://www.businessinsider.in/finance/banks/news/hdfc-share-price-surge-after-hdfc-bank-appoints-sasidhar-jagdishn-as-the-new-ceo-to-replace-aditya-puri/articleshow/77344967.cms">Sashidhar Jagdishan</a>. One of India’s highest paid CEOs, Puri, had sold his shares in HDFC – worth ₹843 crore, before his retirement. Carlyle has also been ramping up its investments across Asia. In July, the group acquired a 25% stake in Airtel’s Data Centre business. In June, the firm had also invested fresh equity capital for a 20% stake in Piramal Pharma Limited. It was also <a href="https://www.livemint.com/companies/news/carlyle-may-pick-up-2-billion-stake-in-ril-s-retail-arm-11600042534910.html">reportedly</a> looking to pick up a stake in Mukesh Ambani’s Reliance Retail. Carlyle has made several bets across Asia in financial services: <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBI Card </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC Limited </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Repco Home Finance </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ant Group </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> IIFL </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBI Life </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> PNB Housing Finance </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Edelweiss </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">China Pacific Insurance </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">KB Financial Group </td></tr></tbody></table> As of September 2020, Carlyle’s total investment in Asian financial services companies stood at $4.9 billion. “Mr. Puri has been repeatedly accredited as one of the world’s leading global CEOs. We are excited to have him join Carlyle as a senior advisor in Asia, and look forward to leveraging his deep expertise and relationships to source new investment opportunities and to help our portfolio companies build better businesses,” said XD Yang, Managing Director and Chairman of Carlyle Asia. SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/reliance-industries-ril-second-quarter-earnings-profit-and-revenue/articleshow/78955070.cms">Nearly a third of RIL’s profit is shaved off by the dent in refining</a> <a href="https://www.businessinsider.in/finance/banks/news/hdfc-banks-aditya-puri-believes-sashidhar-jagdishan-is-the-worthiest-person-to-succeed-him/articleshow/77540644.cms">HDFC Bank's Aditya Puri believes Sashidhar Jagdishan is the 'worthiest person' to succeed him</a>

Former HDFC Bank CEO Aditya Puri joins Carlyle Group —  will advise the global investment firm on Asia bets

<ul><li><keyword id="6357149" type="COMPANY" weightage="20" keywordseo="hdfc-bank">HDFC Bank</keyword>’s share price is up by over 3% on Monday morning after the financial institution declared its results on Saturday, July 18. </li><li>The bank reported a 20% jump in profits as compared to the same quarter last year. </li><li>Analysts expect HDFC Bank to bear through the impact of the coronavirus pandemic with more capital coming in and an in-house replacement of HDFC Bank’s current managing director, Aditya Puri. </li></ul>HDFC Bank’s share price is up more than 3% after it announced its earnings over the weekend. The jump in share price also comes after shareholders have approved the bank to raise up to ₹50,000 crore through bonds to enhance capital base to fund its business growth. <div type="image" title="hdfc bank stock price q1fy21 (1)" msid="77061440" hostid="261" caption="&amp;lt;p&amp;gt;HDFC Bank&amp;#39;s stock price over the last three months&amp;lt;/p&amp;gt;"></div> The bank reported a 20% increase in profits on a yearly basis. However, provisions for bad loans and contingencies were up 49% as compared the same quarter last year bolstering for what may come when the Reserve Bank of India’s (RBI) moratorium comes to end in August. <div type="image" title="hdfc bank profit" msid="77061449" hostid="261" caption="&amp;lt;p&amp;gt;HDFC Bank&amp;#39;s profits over the last five quarters&amp;lt;/p&amp;gt;"></div> <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total portfolio under moratorium </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">9% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Customers who availed moratorium </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">97% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">People who have cleared dues since first moratorium </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">70% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">People who rolled from the first moratorium to the second </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">90% </td></tr></tbody></table>Source:Motilal Oswal Securities Analysts believe that adequate capital addition and the likelihood of an internal successor to the post of Managing Director (MD) are indicators that HDFC Bank has enough of a cushion to bear through however the coronavirus pandemic plays out. “Overall performance of the bank should remain steady and we expect the bank to offset near-term pressure on other income via tight control over opex,” said Motilal Oswal Securities’ review of the bank’s earnings. <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Brokerage </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tip </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Target Price </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Time frame </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ICICI Securities </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BUY </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,320 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 year </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Motilal Oswal Securities </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BUY </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 1,280 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 year </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Yes Securities </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BUY </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹ 1,136 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1 year </td></tr></tbody></table> Banks, including HDFC Bank, are busy raising capital to cushion the impact of the coronavirus in the coming quarters. Shareholders of HDFC Bank have given their approval to raise up to ₹50,000 crore through bonds to enhance capital base to fund its business growth. The bank is also in the midst of appointing a successor for its managing director Aditya Puri. The three shortlisted names sent to the Reserve Bank of India include Sashidar Jagdishan, Kaizad Barucha and Sunil Garg. The former two are already executive directors at HDFC Bank Aditya Garg is the global chief executive officer (CEO) of Citi Commercial Bank. “CEO succession remains an important event in the near term and a key monitorable,” said Motilal Oswal Securities’ report. SEE ALSO: <a href="https://www.businessinsider.in/finance/banks/news/hdfc-bank-q1-earnings-bad-loans-and-moratorium/articleshow/77033494.cms">HDFC Bank is mum on the loans under moratorium⁠— profit jumps 20%, provision for bad loans spike 49%</a> <a href="https://www.businessinsider.in/finance/banks/news/hdfc-bank-earnings-expectation-from-q1fy21-results-on-july-18/articleshow/77013905.cms">HDFC Bank may see credit growth but its margins will continue to remain under pressure in Q1</a> <a href="https://www.businessinsider.in/finance/banks/news/hdfc-bank-loans-to-be-cheaper-as-interest-rates-get-slashed-by-0-2/articleshow/76830880.cms">HDFC Bank loans to be cheaper as interest rates get slashed by 0.2%</a>

HDFC Bank is beefing up capital and provision to cushion a spike in bad loans post moratorium — and that’s helping its share price

Mumbai, Apr 18 () HDFC Bank on Saturday said its board has finalised three candidates, in order of preference, to succeed CEO and MD Aditya Puri, but did not disclose the names, saying they will be communicated to the RBI. Puri has been the head of the lender since its incorporation 25 years ago and has led it to be the largest and most valuable bank, on the back of a strict hold over asset quality. It is one of the most coveted jobs in the Indian banking sector and market watchers are keenly awaiting who will be the chosen appointee. The HDFC Bank board had appointed a search committee and also engaged external headhunters to help it zero in on a candidate. "The Board of Directors of the Bank has today (Saturday) finalised the names of three candidates, in the order of preference, for the position of the managing director and chief executive officer (MD &amp; CEO) of the bank," the bank informed the bourses in a statutory filing. It did not elaborate on who the three were. A media report in the run up to the board meet had mentioned the names of Sashidhar Jagdishan, Kaizad Bharucha and Sunil Garg as the ones who had made the cut. Jagdishan and Bharucha are internal candidates, while Garg is working with American banking major Citigroup. Garg is the chief executive of Citi Commercial Bank, while Jagdishan is an additional director who heads the finance, human resources, legal and secretarial functions at HDFC Bank, and Bharucha is an executive director responsible for wholesale banking. Earlier this month, the Reserve Bank had asked for the appointments of both Jagdishan and Bharucha to be kept in abeyance, asking for the new chief executive to take a call on it. Puri had recently told reporters that his successor will be announced before April. "...the recommendations are with the search committee and before April, an appropriate person who will take the bank into the future will be announced," he had told reporters over a conference call last month. AA ABMABM

HDFC Bank board finalises Puri's successor, waits for RBI nod

New Delhi, Nov 28 () HDFC Bank on Thursday said it has formed a six-member committee to find a successor to Managing Director Aditya Puri who is set to retire in October next year.
 India's largest private sector lender HDFC Bank is on a global search to find a successor to the founding-chief executive Aditya Puri, as he would turn 70 next year.
 "The board of directors of the bank at its meeting held today has constituted a search committee to identify a successor to Aditya Puri, the current managing director of the bank, whose tenure ends on October 26, 2020," the bank said in a regulatory filing.
 The search committee will comprise Shyamala Gopinath, Sanjiv Sachar, M D Ranganath, Sandeep Parekh, Srikanth Nadhamuni and Keki Mistry representative of HDFC, the parent of the bank. Gopinath is the bank's chairperson.
 "The search committee, over the next few months, shall evaluate internal and external candidates to ensure smooth transition," the bank said.
 Puri will act as an advisor to the search committee, the bank said.
 It is noteworthy that Puri, the managing director and chief executive since 1994 when the bank was set up, has seen a whopping 41 per cent increase in total remuneration in 2019 to Rs 13.67 crore.
 He turns 70 next year and has been instrumental in getting the bank to its current stature as one of the most valued banks globally in terms of price to earnings ratio.
 Also there are reports that Puri, an ex-Citibanker, may continue as the non-executive chairman post retirement.
 Separately, the board of directors of the bank also approved appointments of Sashidhar Jagdishan and Bhavesh Zaveri as an additional directors and executive directors for a period of three years period each from November 28, 2019, subject to RBI approval. KPM SHW
SHW

HDFC Bank sets-up panel to find successor to managing director Aditya Puri

<ul><li>Lawyer and activist <keyword id="6368850" type="DEFINITION" weightage="20" keywordseo="prashant-bhushan">Prashant Bhushan</keyword> is held guilty by the <keyword id="6354977" type="ORGANIZATION" weightage="20" keywordseo="Supreme-Court">Supreme Court</keyword> of India over two tweets criticising the judiciary and the <keyword id="45053" type="POSITION" weightage="20" keywordseo="Chief-Justice-of-India">Chief Justice of India</keyword> (CJI). </li><li>“An attempt to shake the very foundation of constitutional democracy has to be dealt with an iron hand,” the court said in its judgement.</li><li>Details of his punishment will be announced next week on August 20.</li></ul>You can’t quite say everything on Twitter and you need not look further than lawyer and activist Prashant Bhushan for proof. Today, the Indian Supreme Court held him guilty of <keyword id="6386386" type="UNKNOWN" weightage="20" keywordseo="Contempt-of-Court">contempt of court</keyword> over two tweets that he sent out which were critical of the judiciary and the Chief Justice of India. The hearing to decide his punishment will be held on August 20. <div type="twitter" handle="barandbench" handlename="Bar &amp; Bench" image="http://pbs.twimg.com/profile_images/1248497186402258945/izmXCMgD_normal.jpg" favoritecount="45" retweetcount="14" status="Hearing on the quantum of punishment to be held on August 20@pbhushan1 #SupremeCourt #PrashantBhushan" createdat="1597384000000" id="1294148413378818048"></div> “An attempt to shake the very foundation of constitutional democracy has to be dealt with an iron hand,” the court said in its judgement. “The tweet has the effect of destabilising the very foundation of this important pillar of Indian democracy,” in added. According to the Supreme Court, the tweets gave the impression that the judiciary had a vital role to play in the ‘destruction of Indian democracy’ in an attempt to shake public confidence. It's a question of freedom of speech The bench — comprising Justices Arun Mishra, B R Gavai and Krishna Murari — had earlier reserved judgement when the case was heard on August 5. Bhushan’s representation, Dushyant Dave argued that his client was only exercising his freedom of speech. <div type="Article" hostid="261" msid="77107560" title="Tweets criticising India's Supreme Court get tagged as 'hate speech' and incur the judge's wrath ⁠— Twitter caught in the crossfire" mstype="2" mssubtype="0"></div> Dave told the court his client’s comments were not out of malice, but out of love and affection for the court. “It's not personal. We all want the court to be stronger. This is what the constitution says regarding the separation of power..citizen may question,” Dave told the bench during the hearing<a href="https://www.livelaw.in/top-stories/comments-were-not-out-of-malice-prashant-bhushan-tells-sc-reserves-orders-on-contempt-case-160990">.</a> Bhushan also filed a reply affidavit to the contempt notice, where he argued that the tweets are not obstructing the administration of justice, only against judges in their personal capacity regarding conduct. The Supreme Court’s judgement argues that the question of whether the tweets were made in good faith or not is impacted by the reach of a social networking platform like Twitter. “The publication by tweet reaches millions of people and as such, such a huge extent of publication would also be one of the factors that requires to be taken into consideration while consider the question of good faith,” the court said. The tweets in question The contempt notice was originally filed on July 22 against two of Bushan’s tweets on the judiciary and the Chief Justice of India, S A Bobde. <div type="image" title="bushan tweet 1_edited" msid="77539466" hostid="261" caption="&amp;lt;p&amp;gt;Prashant Bhushan&amp;#39;s tweet on June 27&amp;lt;/p&amp;gt;"></div> <div type="image" title="bushan tweet 2_edited" msid="77539482" hostid="261" caption="&amp;lt;p&amp;gt;Prashant Bhushan&amp;#39;s tweet calling out CJI&amp;lt;/p&amp;gt;"></div> SEE ALSO: <a href="https://www.businessinsider.in/finance/banks/news/hdfc-banks-aditya-puri-believes-sashidhar-jagdishan-is-the-worthiest-person-to-succeed-him/articleshow/77540644.cms">HDFC Bank's Aditya Puri believes Sashidhar Jagdishan is the 'worthiest person' to succeed him</a> <a href="https://www.businessinsider.in/science/space/news/nasas-mars-helicopter-recharges-its-batteries-for-the-very-first-time-en-route-to-the-red-planet/articleshow/77539101.cms">NASA's Mars Helicopter recharges its batteries for the very first time en route to the Red Planet</a>

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HDFC Bank board shortlists 3 preferences to succeed Aditya Puri, waits for RBI nod

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Former HDFC Bank CEO Aditya Puri joins Carlyle Group — will advise the global investment firm on Asia bets

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HDFC Bank is beefing up capital and provision to cushion a spike in bad loans post moratorium — and that’s helping its share price

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HDFC Bank board finalises Puri's successor, waits for RBI nod

PTI

HDFC Bank sets-up panel to find successor to managing director Aditya Puri

PTI

Supreme Court wields the ‘iron hand’ in holding Prashant Bhushan guilty for tweets critical of judiciary and chief justice

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