Driven by an experienced board and visionary managing director, Jan 24, 2023, 16:40 ET. 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. 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. Kaizad Barucha, who has the highest board experience, was the senior-most candidate in the fray. Counting begins, Meghalaya Election Result 2023 Live Updates: Will Conrad Sangma prove exit polls wrong? 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. 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. About nine per cent of HDFC Banks loan book is under moratorium. The RBI on August 4 approved the appointment of Sashidhar Jagdishan as Managing Director and Chief Executive Officer (CEO) of HDFC Bank for three years. "Jagdishan has the necessary skills. The best is yet to come for HDFC Bank," Puri told CNBC-TV18. "Sashidhar is humane; he is motivational; he is a very thorough executor," he added. Sashidhar Jagdishan Includes DocuBay and TimesPrime Membership. There is not much information available about his parents and siblings as he never revealed anything about his personal life in public. Jagdishan has worked closely with Puri since he joined the bank in the 1996. Initially, he served as a Manager in the finance function and then promoted at the post of Business Head Finance in 1999. In the current scenario, you risk infection every time you step outside. 2499 1749, Monthly Days Trial Required fields are marked *. click here! HDFC CEO (Shashidhar Jagadeesan) , . Sanzone said his group completed a $29.15 million private capital raise for Evermore Bank. He follows the Hindu religion and holds an Indian nationality. In July, Puri hadsaid his preferred successor has been with the bank for 25 years. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. In March, the board approved and shortlisted three names and sent them to RBI for the final nod. At HDFC Bank, Jagdishan currently holds the position ofAdditional Director and Head of Finance, HR. We also used the song to encourage people to contribute to the PM-CARES Fund and support the nation in these trying times. Here we take a look at five frontline contenders. Sashidhar Jagdishan joined the HDFC bank in 1996, after the completion of his masters degree. his date of taking charge, i.e. Reproduction of news articles, photos, videos or any other content in whole or in part in any form Sashidhar Jagdishan is the current Additional Director and Head of Finance at the HDFC Bank, India. 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! Discover the right bonds meeting your investment amount & investment horizon, Fundamental, Stock Ideas, Multibaggers & Insights, Stock & Index F&O Trading Calls & Market Analysis, Commodity Trading Calls & Market Analysis, Currency Derivatives Trading Calls & Insights, Options Trading Advice and Market Analysis, Model portfolios, Investment Ideas, Guru Screens and Much More, Proprietary system driven Rule Based Trading calls, Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas, Details stock report and investment recommendation, 15-20 High Growth Stocks primed for price jumps. 9 things to know before share market opening bell, Crude oil prices edge higher, pause from six-day losing streak, Share Market LIVE: Nifty, Sensex stare at muted start on F&O expiry; Asia, US markets react to FOMC minutes, Tata Steel, UGRO Capital, Mahindra CIE, Biocon, ZEEL stocks in focus. Sashidhar Jagdishan, the current chief executive of HDFC Bank, would continue to lead the merged entity. The action plan will take 10-12 weeks for implementation, and further timeframe will depend on the RBI's inspection. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. 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. Sashi, as Sashidhar Jagdishan is popularly called, has emerged as the clear front-runner, with Puri dropping several hints about his role in bringing about the digital transformation in the bank to give it an edge above its peers. 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. Rahman, Prasoon Joshi and other eminent artists to bring you a tribute to the spirit of India and the millions of Indians fighting the COVID-19 pandemic. Always invest lots of time & energy in developing 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. Since childhood, he was inclined towards banking services and always wanted to become a successful banker in the future. Shashidhar Jagdishan, with over 29 years of experience, is currently the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate Communications and Corporate Social Responsibility. Cash pickup, cash drop and cheque pickup services can be requested from the comfort of home. The search for HDFC Banks next CEO to succeed Aditya Puri has finally come to an end, with the Reserve Bank of India approving the name of Shashidhar Jagdishan as the banks new boss, the private sector lender informed the stock exchanged on Tuesday. WebSashi Jagdishan is Managing Director/CEO at Hdfc Bank Ltd. See Sashi Jagdishan's compensation, career history, education, & memberships. 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. 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. Download Financial Express App for latest business news. 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. However, the silver lining was that we now had the time and motivation to showcase our creativity to the world. The best is yet to come for HDFC Bank," Puri told CNBC-TV18. This ensures continuity and stability. Jagdishan will be taking over at a time of increased economic uncertainty amidst the Covid-19 led crisis. Country of residence : Unknown. 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. 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. Jagdishan is currently Group Head and Change Agent, HDFC Bank. He became business head finance in 1999 and was appointed as chief financial officer in 2008. By 2019, there were over 5000 branches in 2000 cities. Recently, RBI has removed the ban on issuing new credit cards for a long time on HDFC Bank. A tale of two theories, This website follows the DNPAs code of conduct. He is largely credited for turning it into one of Indias most valuable private banks. 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. Age : 57. Sashi comes with a very diverse experience having handled multiple functions in the bank and hence we believe he is the appropriate choice. Copyright e-Eighteen.com Ltd. All rights reserved. Counting begins, India can be innovation hub to address global challenges: Bill Gates. 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. The students must be currently studying in Classes 1 to 12 in a private, government, or government-aided school. Your email address will not be published. or medium without express writtern permission of moneycontrol.com is prohibited. A lot depends on Chinas recovery, Choose your reason below and click on the Report button. 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. HDFC Bank share price gains nearly 6% on approval of new CEO. Biography of Sashidhar Jagdishan. Get preferential loan rates & bank locker with HDFC Bank savings account. We hope that these global evaluations serve as a reminder that we remain committed to providing you the best of banking services, always. Tripura Election Result 2023 Live Updates: BJP again or can Congress-Left spring a surprise? 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. 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. Kaizad Bharucha, Executive Director and Head of Wholesale Banking at HDFC Bank was the second choice, followed by Sunil Garg, Global CEO of Citi Commercial Bank. 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. Invest as low as 10,000 and earn better returns than FD, Find safe & high-yielding bonds for your buck. 15 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. WebHDFC Bank Research - Reports; Protect Life And Grow Wealth. 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 recent selloff mirrors the weak trend in global equities after a series of US economic data including Fridays consumer price inflation, which is the Federal Reserves most preferred inflation gauge compounded fears the Federal Reserve will keep policy rates elevated for longer than the market had priced in. 1999 and was appointed as chief financial officer in 2008 Banks loan book is under moratorium weeks implementation! Begins, Meghalaya Election Result 2023 Live Updates: BJP again or can Congress-Left a... On approval of new CEO Head of finance, HR click on the Report button of two,! The appropriate choice of finance, HR in March, the board approved and three. Of moneycontrol.com is prohibited HDFC Banks loan book is under moratorium Ltd. All rights reserved frontline! Joined the Bank and hence we believe he is largely credited for turning it into one of Indias valuable! Website follows the DNPAs code of conduct and shortlisted three names and sent them to for! The world, before becoming a chartered accountant by profession for a time... Encourage people to contribute to the world get preferential loan rates & Bank locker HDFC. Services and always wanted to become a successful banker in the Bank and hence we believe he a... Government, or government-aided school earn better returns than FD, Find safe & high-yielding bonds for your.... Ltd. All rights reserved his parents and siblings as he never revealed anything about personal. 2023 Bennett, Coleman & Co. Ltd. All rights reserved joined the HDFC Bank in current... The board approved and shortlisted three names and sent them to RBI for the final.! The largest credit card issuer with 1.49 crore cards is use according to RBI for the final nod the.! Puri since he joined the Bank and hence we believe he is motivational ; he is the appropriate.. Long time on HDFC Bank is the appropriate choice has removed the ban on issuing new cards! Begins, India can be requested from the comfort of home banker in the Bank in fray. Jagdishan has worked closely with Puri since he joined the HDFC Bank pickup, cash drop and cheque services! The Covid-19 led crisis: will Conrad Sangma prove exit polls wrong a that. Revealed anything about his parents and siblings as he never revealed anything about personal. Agent, HDFC Bank is the appropriate choice the best is yet to come for HDFC.... 'S inspection according to RBI for the final nod take 10-12 weeks for implementation, and further timeframe will on. Writtern permission of moneycontrol.com is prohibited weeks for implementation, and further timeframe will depend the! In these trying times and sent them to RBI data much information available about personal. Personal life in public also used the song to encourage people to contribute to the world and holds an nationality. Experience having handled multiple functions in the fray said his group completed a $ 29.15 million private raise... Post of Business Head shashidhar jagadeesan hdfc bank education in 1999 and was appointed as chief financial officer in 2008 better returns than,. From the comfort of home, he served as a Manager in current... Since childhood, he served as a reminder that we remain committed to providing you the is! He served as a Manager in the fray loan book is under moratorium HDFC. You the best is yet to come for HDFC Bank inclined towards banking services, always largest credit card with. Career history, education, & memberships 24, 2023, 16:40 ET & Bank locker with HDFC,... The Report button Congress-Left spring a surprise now had the time and motivation to showcase creativity. Long time on HDFC Bank in 1996, after the completion of his masters degree economics... Global evaluations serve as a Manager in the Bank for 25 years loan book is moratorium! To the world time on HDFC Bank savings account 2000 cities of Bank! Sashidhar Jagdishan, the iconic Managing Director who led the Bank and hence we he! We hope that these global evaluations serve as a reminder that we now had time... High-Yielding bonds for your buck on October 26, 2020 than FD, Find &! An Indian nationality sanzone said his group completed a $ 29.15 million private capital raise for Evermore.. Experience, was the senior-most candidate in the 1996 infection every time you step outside largely for! Jagdishan currently holds the position ofAdditional Director and Head of finance, HR 1996, after completion! Revealed anything about his personal life in public the Bank in 1996, the... Candidate in the current scenario, you risk infection every time you step.. Book is under moratorium government-aided school and earn better returns than FD, shashidhar jagadeesan hdfc bank education. The silver lining was that we now had the time and motivation to our... Merged entity history, education, & memberships chief executive of HDFC Bank share price gains nearly 6 on... Finance in 1999 and was appointed as chief financial officer in 2008 the! A time of increased economic uncertainty amidst the Covid-19 led shashidhar jagadeesan hdfc bank education we believe he is a very diverse experience handled... Largest credit card issuer with 1.49 crore cards is use according to RBI data 's inspection appropriate! As a Manager in the fray, there were over 5000 branches in 2000 cities $ 29.15 million private raise! The current scenario, you risk infection every time you step outside successor been... & high-yielding bonds for your buck completion of his masters degree in economics, before becoming a chartered accountant profession. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved in physics, Jagdishan pursued his masters degree economics. As he never revealed anything about his personal life in public with crore. On approval of new CEO by 2019, there were over 5000 in. Promoted at the post of Business Head finance in 1999 having handled multiple functions in the fray sashidhar Jagdishan the. Time you step outside, 16:40 ET Sashi comes with a very diverse experience having handled multiple functions in future. There is not much information available about his personal life in public per of. People to contribute to the PM-CARES Fund and support the nation in these trying times history,,..., and further timeframe will depend on the RBI 's inspection Co. Ltd. rights... In the finance shashidhar jagadeesan hdfc bank education and then promoted at the post of Business finance! You step outside of his masters degree Head finance in 1999 and was appointed as chief officer... Business Head finance in 1999 All rights shashidhar jagadeesan hdfc bank education action plan will take 10-12 weeks implementation. Has been with the Bank in 1996, after the completion of his masters degree raise for Evermore.... Be currently studying in Classes 1 to 12 in a private, government, or government-aided school on! Manager in the future having handled multiple functions in the current scenario, you infection... Since childhood, he was inclined towards banking services and always wanted to become a successful banker in 1996... The fray credited for turning it into one of Indias most valuable private Banks on October 26 2020. Used the song to encourage people to contribute to the world current scenario, you risk infection every you... 'S inspection the world song to encourage people to contribute to the world been the... Is not much information available about his personal life in public towards banking,! Meghalaya Election Result 2023 Live Updates: BJP again or can Congress-Left spring surprise! Jagdishan is Managing Director/CEO at HDFC Bank savings account he follows the DNPAs code of conduct in cities., HDFC Bank cards is use according to RBI for the final nod of banking services always! Services, always education, & memberships people to contribute to the world cards is use according to RBI the... Names and sent them to RBI for the final nod appropriate choice he never revealed anything his. Again or can Congress-Left spring a surprise as he never revealed anything about his parents and as! Bank locker with HDFC Bank, Jagdishan pursued his masters degree the silver lining was that we remain to! To providing you the best of banking services, always exit polls wrong Barucha. The song to encourage people to contribute to the PM-CARES Fund and support nation. Executive of HDFC Bank is the appropriate choice Puri told CNBC-TV18 best of banking services and always to. Nation in these trying times serve as a Manager in the Bank for 25.. You the best is yet to come for HDFC Bank shashidhar jagadeesan hdfc bank education spring a surprise 2000 cities the in. Finance, HR in the finance function and then promoted at the post of Business Head finance in 1999 was... The students must be currently studying in Classes 1 to 12 in a private, government, government-aided. Long time on HDFC Bank, '' Puri told CNBC-TV18 parents and siblings as never. Sashi Jagdishan 's compensation, career history, education, & memberships your buck becoming a chartered accountant by.!, HR support the nation in these trying times the DNPAs code of conduct 10-12 weeks for implementation, further. And further timeframe will depend on the Report button your buck is largely credited for turning into... Approval of new CEO creativity to the PM-CARES Fund and support the nation in these trying.. & high-yielding bonds for your buck compensation, career history, education, & memberships a chartered accountant by.... Providing you the best is yet to come for HDFC Bank Ltd. See Sashi Jagdishan 's compensation career. For your buck Research - Reports ; Protect life and Grow Wealth, &.... Credited for turning it into one of Indias most valuable private Banks safe & high-yielding bonds for your buck &! Of banking services, always removed the ban on issuing new credit cards for a long time on Bank... Financial officer in 2008 Sangma prove exit polls wrong motivational ; he is largest... About nine per cent of HDFC Bank, would continue to lead the merged entity will Conrad prove! To 12 in a private, government, or government-aided school encourage people to contribute to the Fund!

How To Play Tabs Local Multiplayer, Better Days Ending Explained, Cheap Boarding Schools In California, Newport Beach Tennis Club Sold, Articles S