The fundraising will be led by The Carlyle Group and former HDFC Bank CEO Aditya Puri. Shares of PNB Housing Finance hit the 20% upper circuit, reacting to the news. The board of non-banking ...

In a financial institution, that’s a good thing. But under managing director Aditya Puri, who has led HDFC for two decades, there’s been nothing boring about its growth, from a pipsqueak with ...