Meet Prasoon Singh who quit his government job of Enforcement Directorate (ED) and joined a private bank

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Prasoon Singh, who was the chief vigilance officer, has become the chief ethics officer of HDFC bank whose market capitalization is over Rs 9,24, 235 crore.

Who is Prasoon Singh?

Prasoon Singh belongs to Bihar’s Muzaffarpur. He received his schooling from St Xaviers School. He did his graduation from Jawaharlal Nehru University. He did his BA honours from here. He later got a government job as a central excise and customs department. He was posted in Mumbai. Later, he went to the directorate of revenue intelligence (DRI). He worked as an intelligence officer for over seven years. He later joined the Enforcement Directorate as an enforcement directorate. After four years, he joined the private sector as the chief vigilance officer of the HDFC Bank. He has been with the HDFC Bank for over 9 years and 9 months. He was the Chief of Internal Vigilance.

He was also the head of the fraud and vigilance department of the bank. He remained at ED between November 2009 and July 2013. He was the intelligence officer between July 2002 and November 2009. He was the excise inspector between May 1995 and July 2002. He studied law at Navi Mumbai’s CSMU. He learnt management at the MIT Sloan School of Management. 

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HDFC Bank

HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai.

Comparison of India’s Largest Government vs Private Bank: SBI vs HDFC Bank (Data: 2022)

ComparisonHDFC Bank
Established1994
HeadquartersMumbai
Branches4729
ATMs12,259
Revenue₹167,695 crore (US$21 billion)
Operating income₹68,798 crore (US$8.6 billion)
Net income₹38,151 crore (US$4.8 billion)
Total assets₹2,122,934 crore (US$270 billion)
Total equity₹246,771 crore (US$31 billion)
Number of employees1,66,890 (Dec 2022)
OwnerHousing Development Finance Corporation (25.7%)
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