HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. There is not much information available about his parents and siblings as he never revealed anything about his personal life in public. Aditya Puri has led HDFC Bank since its inception in 1994, and will retire in October when he reaches the maximum age limit of 70 years for private bank chiefs. The markets have also welcomed his appointment with the stock up 5% on the back of this development. 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. 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. HDFC CEO (Shashidhar Jagadeesan) , . "He has played a critical role in supporting the growth trajectory of the bank. 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 confirmed to CNBC-TV18. Music will become the filler, he adds. To read full story, subscribe to ET Prime, Billed annually at 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. 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. Lenders led by the State Bank of India (SBI) that are conducting an annual review of Adani Enterprises Ltd (AEL) have decided to maintain status quo on credit limits sanctioned for Gautam Adanis flagship company, said two people aware of the development. Locality Bank. Based on the satisfaction level, the regulator will lift the ban, the official said at an analysts meet. The outgoing Aditya Puri nurtured the private sector bank from the rudimentary stage as he aimed to create a world-class Indian Bank. Since childhood, he was inclined towards banking services and always wanted to become a successful banker in the future. The applicants must have passed the previous qualifying examination with at least 55% marks. 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. Jagdishan is currently Group Head and Change Agent, HDFC Bank. "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. HDFC Bank sets up panel to shortlist candidates, HDFC Bank becomes first bank to cross Rs 7 lakh crore market cap, 'Sharing a Coke, wearing Bata shoes': HDFC Bank chief Aditya Puri takes a walk down memory lane. Sashidhar Jagdishan Download Financial Express App for latest business news. WebHDFC bank is a branch of HDFC. 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MD & CEO, HDFC Bank Limited. Mr. Sashidhar Jagdishan has been appointed as Additional Director and Managing Director & Chief Executive Officer of the Bank, subject to the approval of the shareholders. He succeeds Mr Aditya Puri, the iconic Managing Director who led the bank since inception and retired on October 26, 2020. After a 25-year-long illustrious career, Aditya Puri, 69, will retire but he is ready for the second innings. WebHDFC Bank Research - Reports; Protect Life And Grow Wealth. JLP offers the best standardized test-prep and customized K-12 tutoring throughout Miami-Dade and Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Loans On Credit Card EMI Calculator. Weve done our very best to make these tough times a little easier for you. Two of Indias leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. 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So, we brought youTheArtProject, an online platform for people of all age groups to show the world how they see the world through the canvas of Arts, Crafts and Photography. WebThe Reserve Bank of India (RBI) on August 4 cleared the name of Sashidhar Jagdishan as the next chief executive officer of HDFC Bank, according to a senior RBI executive who Your email address will not be published. Having almost 3 decades of experience in the banking industry,Sashidhar Jagdishan is Charted Accountant by profession who also holds a Masters degree in Economics of Money, Banking & Finance. S&P has said, and we quote, Overall, we believe HDFC Banks individual creditworthiness is significantly stronger than the average of the Indian Banking Sector, reflected in its SACP of BBB+. 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. 2014-15 a comeback year for the Indian rupee despite US dollar surge, Switched jobs in middle of the year? It is now for RBI to decide, he said. For reprint rights: Syndications Today, Sashidhar Jagdishan appointed new HDFC Bank CEO; RBI gives go ahead, 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, Posted by: Manoj Sharma, Aug 04, 2020, 10:11 AM IST, Who will be Aditya Puri's successor? Counting begins, Meghalaya Election Result 2023 Live Updates: Will Conrad Sangma prove exit polls wrong? Download Financial Express App for latest business news. or medium without express writtern permission of moneycontrol.com is prohibited. What is the debate around it? In March, the board approved and shortlisted three names and sent them to RBI for the final nod. 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. 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. Download The Economic Times News App to get Daily Market Updates & Live Business News. Shashidhar Jagdishan as HDFC Bank CEO to ensure continuity, stability Sashi joined the bank in 1996 as a manager in the finance function and has overall experience Sanzone said his group completed a $29.15 million private capital raise for Evermore Bank. Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. This is his present net worth, Here's a list of 6 wealthiest South Indian veteran actors, Mukarram Jah: The eighth Nizam of Hyderabad who had a net worth of Rs 100 Crores, BK Goenka buys a penthouse worth Rs 240 Cr in India's costliest apartment deal, Bajaj family have bought 5 apartments worth Rs 104 Crore in Mumbai, Shark Tank India 2 judge Anupam Mittal's Rs 185 Crore net worth. Also Read: Adar Poonawalla Wiki, Age, Girlfriend, Wife, Family, Biography & More. Sashidhar Jagdishan, called the Change Agent of the bank, and the top choice internally for the CEO role, will take over from Aditya Puri when he retires in October this year, people quoted earlier said. Get live Share Market updates and latest India News and business news on Financial Express. With the lockdown in full effect, we were at home every day, leaving us all more stressed and bored than ever. Sashi comes with a very diverse experience having handled multiple functions in the bank and hence we believe he is the appropriate choice. We hope that these global evaluations serve as a reminder that we remain committed to providing you the best of banking services, always. Cash pickup, cash drop and cheque pickup services can be requested from the comfort of home. Prior to HDFC Bank Aditya Puri was the Chief Executive of Citi Bank, in Malaysia where he handled functions across countries likeGreece, Saudi Arabia, Hong Kong, Korea, Taiwan, India and China. CNBCTV18 EXCLUSIVE: RBI approves Sashidhar Jagdishan's name for CEO of HDFC Bank. 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 He became business head finance in 1999 and was appointed as chief financial officer in 2008. Our aim was to keep you engaged and give you a #BreakFromBoredom so that you could stay home, stay safe and be creative. Later in an analyst call on the banks first quarter earnings, Puri had once again cleared the air on succession planning and said there would be no issues. Sashidhar Jagdishan has experience of over 29 years and he played a vital role in supporting the growth of the HDFC bank. He also joined the bank around 1996 as a Manager in the Finance function, and then went on to became Business Head - Finance in 1999 and Chief Financial Officer in the year 2008. +Includes DocuBay and TimesPrime Membership. 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 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. Earlier last month Puri sold shares of HDFC Bank worth Rs 843 crore. The loan moratorium is set to get over at the end of the month and banks will begin to get a better picture of repayments and stressed assets. Aditya Puri hangs up his much-decorated boots this October, bringing the curtains down on a long, glittering stint that saw him become the longest-serving CEO of any private bank in India. Recently, RBI has removed the ban on issuing new credit cards for a long time on HDFC Bank. Sandeep Bakhshi, MD and CEO of ICICI Bank is Indias 2nd highest paid banker and this is his salary, 7 highest-paid CEOs in the world: This is why their net worth amounts in crores, The 5 richest Indian women of 2020, their net worth and how they make their crores, The 15 wealthiest Indians who have a massive net worth, Elon Musk loses a massive personal fortune worth Rs 16 lakh 27 thousand Cr. Second innings throughout Miami-Dade and Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved India... World-Class Indian Bank after a 25-year-long illustrious career, Aditya Puri, 69 will. Is the appropriate choice Financial Express App for latest business News, he said cards for seventh! Cards is use according to RBI for the final nod for you Jagdishans age is 55 years as 2020. A reminder that we remain committed to providing you the best of services. 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