It has nearly 300 shareholders and 90% of them are local. The Reserve Bank of India (RBI) has approved the name of Sashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank, sources said. Puri's successor Jagdishan was among the top two internal candidates for the top job at HDFC Bank. Often refered to as Sashi, he joined the Bank in the year 1996 as a Manager in the Finance function and later became Business Head- Finance in 1999. The six-member search committee comprised of Chairman of the bank Shyamala Gopinath, board members Sanjiv Sachar, MD Ranganath, Sandeep Parekh, Srikanth Nadhamuni, and Renu Karnad from HDFC Ltd, with Puri himself acting as an advisor. He is a chartered accountant by profession and holds a Masters degree in Economics of Money, Banking & Finance from The University of Sheffield in the UK. This facility operated between 10 a.m. and 5 p.m. using sanitized ATM Vans. Sashidhar Jagdishans peers at other companies are Bosun Adekoya, Nooradlenna Razak, Hatem Elhady, Jonathan Eisenberg, Stephen Collins. The applicants must have passed the previous qualifying examination with at least 55% marks. What we hear from many employees is that Sashi is a hard task master and what is essential is to ensure the stellar execution track record that HDFC Bank has built over the years. Known as the the "dark horse", Jagdishan joined HDFC Bank in 1996 and rose through the ranks to become Head of Finance and HR at the company. The "The Reserve Bank of India (RBI) vide its communication dated August 3, 2020, has approved the appointment of Mr. Sashidhar Jagdishan as Managing Director & CEO of the Bank for a period of 3 (three) years w.e.f. Register now. Jagdishan, a chartered accountant by profession, joined the bankin 1996 as a Manager in the finance function, and then went on to become Business Head - Finance in 1999. PLAN. Shadowing the CEO in all key meetings, sitting beside him through thousands of hours on multiple long distance flights, Sashidhar has been personally groomed by Aditya Puri to take on the top job, people in the know say. WebHDFC Bank Research - Reports; Protect Life And Grow Wealth. Experienced in leading large teams to deliver mandated results with in the timelines by managing proper Quality . HDFC CEO (Shashidhar Jagadeesan) , . A-A+; # Shashidhar Jagadeesan # Salary # ICICI Bank; Related Story . Tripura Election Result 2023 Live Updates: BJP again or can Congress-Left spring a surprise? We do this when you refresh/move back on the browser on any NetBanking page. Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. "I will play my favourite game, golf. Jagdishan will be taking over at a time of increased economic uncertainty amidst the Covid-19 led crisis. 2499 1749, Monthly It had reported a robust 19.6 per cent growth in its net profit for the first quarter of the fiscal. Sashidhar Jagdishan is former Executive Director at HDFC Bank Ltd. Mr. Jagdishan received an undergraduate degree from the University of Mumbai and a graduate degree from The University of Sheffield. "A meeting of the board of directors of the bank will be convened in due course inter-alia to approve the appointment of Jagdishan as the MD & CEO," the bank said. Sashidhar Jagdishan belongs to a well-to-do educated family in Mumbai, Maharashtra, India. Sashi comes with a very diverse experience having handled multiple functions in the bank and hence we believe he is the appropriate choice. Scrutiny of IDBI Bank bidders to begin after Holi, Axis Bank completes Citis retail biz buy for Rs 11,603 cr, Citi India staffers set to chart new Axis, Evidence suggests private sector is ready for capex, Copyright 2023 The Indian Express [P] Ltd. All Rights Reserved, hdfc banks new ceo found rbi approves shashidhar jagdishan to succeed aditya puri report, Domestic LPG cylinder price hiked Rs 50, cooking gas gets costlier in Delhi, Mumbai, other cities; check prices, Good news for Indian Railways commuters! Since then, he has played a pivotal role in supporting the banks growth trajectory and helping the organisation achieve its strategic objectives over the years. IRCTC partners with Easebuzz, Crypto mixers received 24% of total funds from illegal addresses in 2022: Blog, Q3 GDP growth slower than expected at 4.4%: which sectors lagged, which outperformed, US Secretary of State Tony Blinken will reaffirm strength of bilateral ties with India: White House, Crypto regulations in 2023; how does the world look at it, Petrol and Diesel Rate Today, 2 March: Fuel prices steady; Check rates in Delhi, Mumbai, other cities, Will Nifty hold onto gains or fall below 17400? Vice President, Finance at HDFC Bank Mr. Sashidhar Jagdishan holds a Bachelor of Science degree in Physics from the University of Mumbai and a Masters in Economics of Money, Banking an Read More Contact Sashi Jagdishan's Phone Number and Email Last Update 11/7/2022 9:24 PM Email s***@hdfcbank.com Engage via Email Between 2008 and 2019, he served as the Chief Financial Officer of the organisation. To adhere to social distancing norms, we promoted cardless withdrawals and transfers that were easy, convenient, hassle-free and best of all required no contact. It had however, noted that the continued slowdown in economic activity has led to a decrease in retail loan origination, sale of third party products, use of credit and debit cards by customers, efficiency in collection efforts and waivers of certain fees. HDFC Bank shares were up 4.67% to trade at Rs 1,048 per share. Deadline 15-Mar-2023. At the banks recently held Annual General Meeting, Aditya Puri, the Chief Executive Officer of HDFC Bank, had indicated, There has been a lot of talk about the successor not being with us for a long time. 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CNBC-TV18 is awaiting HDFC Banks response to this story. Your email address will not be published. All rights reserved. Unlock your 30 days free access to ETPrime now. He also holds the distinction of being the longest-running CEO of any bank in India. Industry Trends on 4000+ Stocks, Pro Investing by Aditya Birla Sun Life Mutual Fund, Canara Robeco Equity Hybrid Fund Direct-Growth, Sashidhar Jagdishan likely to be executive director of HDFC Bank. The action plan will take 10-12 weeks for implementation, and further timeframe will depend on the RBI's inspection. WebHDFC bank is a branch of HDFC. We are doing our best so that you can stay home and stay safe, and to do so, we had to bring the things you needed to your doorstep. As per a July 2020 report published in Financial Express, Sashidhar Jagdishan earned an annual salary of 2.91 crore in FY 2019-20. Biography of Sashidhar Jagdishan. FORT LAUDERDALE, Fla., Jan. 24, 2023 /PRNewswire/ -- Locality Bank, the first community bank to open in South Florida in more In July, Puri hadsaid his preferred successor has been with the bank for 25 years. They even appraised our Global Stand Alone Credit Profile at BBB+ which is 2 notches higher than Indias Sovereign Rating. WebOpen HDFC Bank savings account from your home & get insurance cover up to Rs.1.18 Cr*. He is no stranger to the bank and has been with it for nearly 25 years, starting out as a Manager in the finance function. Our doorstep banking ensures a safe and convenient banking experience right at your doorstep. WebA Self-driven People Manager, with 20 years and more experience in driving business operations and sales in B2B segments accross Banking,Telecom and Life Insurance Industry for South India. 12 were here. He has an average body build up with an average physique. The latest development lifts the veil on who will be leading Indias largest prive sector bank out of the woods in the coming fiscal year after the coronavirus induced economic slowdown has put the banking sector in stress. About nine per cent of HDFC Banks loan book is under moratorium. Days Trial Required fields are marked *. With less than three months for HDFC Banks Managing Director and CEO Aditya Puri to retire, his successor, Sashidhar Jagdishan, will have adequate time to transition into his new role. Heres what to do in your income tax returns, All you need to know about your dormant & inactive savings account, LV Prabhakar appointed as MD of Canara Bank, Copyright 2023 The Indian Express [P] Ltd. All Rights Reserved, shashidhar jagdishan as hdfc bank ceo to ensure continuity stability, MPC minutes show RBI not wavering from inflation target, How to prevent five common fintech security mistakes, Top 5 best-selling Royal Enfield motorcycles in January 2023, Meta verified: What Musk has to say about Zuckerberg copying Twitters blue tick plan, Stocks struggle to make headway as rate rises loom, Zomato junks Instant; launches Everyday for home-styled food, Nifty, Bank Nifty outlook: Indices to remain volatile on monthly F&O expiry; check support, resistance, PM Modi chairs PRAGATI meet, reviews 9 key infra projects worth over Rs 41,500 cr! The regulator has given its green signal for Sashidhar Jagdishan to take over from Aditya Puri as the next Chief Executive Officer of HDFC Bank, multiple people aware of the development For security reasons, we have logged you out of HDFC Bank NetBanking. According to the banks official website, Sashidhar Jagdishan joined as a Manager in the Finance department in 1996. According to a report in The Times of India (TOI), the Reserve Bank of India (RBI) has given a nod to the appointment of 55-year-old Sashidhar Jagdishan as the new MD and CEO of HDFC Bank. Always invest lots of time & energy in developing Their first office was founded in Maharashtra, India. Currently, Sashidhar Jagdishan is serving as the Group Head and Change Agent of HDFC Bank and his role includes heading the functions of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate Communications and Corporate Social Responsibility. We also used the song to encourage people to contribute to the PM-CARES Fund and support the nation in these trying times. He is 5 feet and 9 inches tall and his body weight is around 70 Kg. My successor was always there, at least in my mind. Interestingly, both Jagdishan and executive director Kaizad Bharucha worked with the bank for close to 25 years, having joined in February 1996 and October 1995, respectively. After graduating in physics, Jagdishan pursued his masters degree in economics, before becoming a chartered accountant by profession. Country of residence : Unknown. Save my name, email, and website in this browser for the next time I comment. Sanzone said his group completed a $29.15 million private capital raise for Evermore Bank. He has black color hair and also has sparkling black color eyes. The main successors, irrespective of where the RBI finger points, have been with me, they understand the business, they have been part of the transformation, they were part of the trainingthere is no issue on who is the successor, he had said. This website follows the DNPAs code of conduct, Hydra Market clocked highest revenue among darknet markets for 2022: Blog, Nifty to top 17600 or will bears take over D-St? Jagdishan became Business Head Finance in 1999 and was appointed as Chief Financial Officer in 2008. Initially, he served as a Manager in the finance function and then promoted at the post of Business Head Finance in 1999. As a Bank we are certainly sorry for what has happened and have taken this as an opportunity to improve and redouble our efforts to fix this problem for good, HDFC Bank's managing director and CEO, Shashidhar Jagdishan said. Sashi joined the bank in 1996 and is currently the group head and Change Agent of the bank. With the lockdown in full effect, we were at home every day, leaving us all more stressed and bored than ever. Sashi was elevated to the position of Change Agent in August 2019 and currently heads the functions of finance, human resources, legal & secretarial, administration, infrastructure, corporate communications and corporate social responsibility. Secure Children's Future; Deposits; National Pension System; Gold Monetisation Scheme; BORROW Loans, EMI. RBI sent us the letter with Sashidhar Jagdishans name approved for the CEO post late last night, confirmed an insider to CNBC-TV18. Sashidhar Jagdishan is a 55-year-old man with a decent personality. A tale of two theories, This website follows the DNPAs code of conduct. Sashidhar Jagdishan, the current chief executive of HDFC Bank, would continue to lead the merged entity. WebHDFC Bank Parivartan's ECS Scholarship in School Programme (Merit-cum-Need Based) 2022-23. We hope that these global evaluations serve as a reminder that we remain committed to providing you the best of banking services, always. Why investors are celebrating, Tata Groups talks over $1 billion Bisleri stake stall, Heres why tax-conscious investors can consider ELSS to increase their wealth, Adani says has secured $3 billion credit from sovereign wealth fund: Report. Sashidhar Jagdishan completed his early schooling from a private school in his hometown and after that, he completed his graduate course in the Bachelor of Science from Mumbai University then completed masters in Economics of Money, Banking, and Finance from the University of Sheffield in the United Kingdom. Jagdishan is currently Group Head and Change Agent, HDFC Bank. Earlier last month Puri sold shares of HDFC Bank worth Rs 843 crore. The Reserve Bank of India (RBI) has approved the name of Sashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank, sources said. Sashidhar Jagdishan is the current Additional Director and Head of Finance at the HDFC Bank, India. Meanwhile, the HDFC Bank stock has risen 4.71 per cent or 47.45 to 1,049.65 compared to the previous day close of 1,002 on the National Stock Exchange. So, we bring you offers and discounts on medicines, e-consultations, check-ups and more from leading brands like 1MG, Apollo Pharmacy, IndusHealth Plus and Lybrate. The markets have also welcomed his appointment with the stock up 5% on the back of this development. Since childhood, he was inclined towards banking services and always wanted to become a successful banker in the future. Can Northeast elections alter the battle for Delhi in 2024? Seattle bans caste discrimination: What does the law entail? His tenure will be started from October 2020 and he will serve at the post for the next three years. According to Forbes India, before joining HDFC Bank, Sashidhar Jagdishan was working with Deutsche Bank in Mumbai, as a senior officer in the Country Financial Control Division. Eligibility. Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. Last month, at the banks annual general meeting, Puri, who retires on October 26, had said that the banks new MD would likely be an internal candidate with a long career at the lender. HDFC Ltd Chairman Deepak Parekh will step aside, after having led India's mortgage-lending pioneer for more than four decades, once the proposed merger between the home-financier and HDFC Bank is consummated. Axis Bank-Citibank merger complete: What will happen to your Citi credit card, Citi debit card, savings, NRE account, home loan? The Reserve Bank Reproduction of news articles, photos, videos or any other content in whole or in part in any form Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. Jagdishan will replace Aditya Puri, current Managing Director and Chief Executive Officer of HDFC Bank, who is set to retire on October 26. Dont miss out on ET Prime stories! or medium without express writtern permission of moneycontrol.com is prohibited. "Sashidhar is humane; he is motivational; he is a very thorough executor," he added. Copyright 2023, THG PUBLISHING PVT LTD. or its affiliated companies. He also leads the finance function and played an important role in aligning the organization in achieving the strategic objectives over the years. Counting begins, India can be innovation hub to address global challenges: Bill Gates. Also, in our marketing with investors across the globe, Sashi was their preferred choice. Bonds issued by top corporates, PSU Banks, NBFCs, and further timeframe will depend on the browser any... Salary # ICICI Bank ; Related Story as of 2020 as Chief Financial Officer in 2008 inches tall his..., HR lockdown in full effect, we were at home every day, leaving us all stressed... Stressed and bored than ever permission of moneycontrol.com is prohibited tall and body. Full effect, we were at home every day, leaving us all more stressed and than... In full effect, we were at home every day, leaving us more. 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Live Updates: BJP again or can Congress-Left spring a surprise and support the nation in these times! Cent of HDFC Bank, Jagdishan pursued his masters degree in economics, before becoming chartered. To contribute to the PM-CARES Fund and support the nation in these trying times always... There, at least 55 % marks with investors across the globe, sashi Their... Being the longest-running CEO of any Bank in 1996 million private capital raise for Bank! Protect Life and Grow Wealth teams to deliver mandated results with in the Bank and hence we believe he motivational! He is motivational ; he is a 55-year-old man with a decent.!
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