We partnered with A.R. He became business head finance in 1999 and was appointed as chief financial officer in 2008. Get your daily dose of business updates on WhatsApp. For reprint rights: Adani Enterprises stock up 31% in 2 days. At HDFC Bank, Jagdishan currently holds the position ofAdditional Director and Head of Finance, HR. 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 Aditya Puri who is the current chief executive officer of HDFC bank has stated that Sashidhar possesses all the required skills and he will be going to play an important role in the growth of the Bank in the coming years. They had a For security reasons, we have logged you out of HDFC Bank NetBanking. In the current scenario, you risk infection every time you step outside. Always invest lots of time & energy in developing 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. Also read: Who will be Aditya Puri's successor? 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. 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. Experience Your Economic Times Newspaper, The Digital Way! 2499 1749, Monthly He also holds the distinction of being the longest-running CEO of any bank in India. HDFC Bank's board has given Egon Zehnder a set of attributes to look for in Puri's potential successors. The Reserve Bank WebSashidhar Jagdishan. After a 25-year-long illustrious career, Aditya Puri, 69, will retire but he is ready for the second innings. 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. Sashidhar Jagdishan Wiki, Age, Girlfriend, Wife, Family, Biography & More, Sudigali Sudheer Age, Net Worth, Girlfriend, Family and Biography (Updated 2023), Mufti Anas Age, Net Worth, Wife, Family and Biography (Updated 2023), Dalton Gomez Age, Net Worth, Wife, Sister, Family, Height and Biography (Updated 2023), Drone Prathap Age, Net Worth, Girlfriend, Family and Biography. Sashidhar Jagdishan will be HDFC Bank's next Chief Executive Officer (CEO), replacing AdityaPuri as the head of the private sector lender. 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. Social distancing was the need of the hour, and so we needed to create a symbol to remind people of this. Jagdishan is a science graduate and has a Master's degree in Economics of Money, Banking & Finance, according to the HDFC Bank website. Register now. What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? As a result, he completed his masters degree in Economics of Money, Banking, and Finance. 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. With over 29 years of experience, Jagdishan served as the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate Communications and Corporate Social Responsibility. Your email address will not be published. Country of residence : Unknown. A-A+; # Shashidhar Jagadeesan # Salary # ICICI Bank; Related Story . Counting begins, Meghalaya Election Result 2023 Live Updates: Will Conrad Sangma prove exit polls wrong? 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. 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. Jagdishan has worked closely with Puri since he joined the bank in the 1996. his date of taking charge, i.e. Between 2008 and 2019, he served as the Chief Financial Officer of the organisation. Jagdishan will be taking over at a time of increased economic uncertainty amidst the Covid-19 led crisis. PLAN, Yearly The rupee, too, declined to its lowest in more than four months amid an evident softness in local risk assets. We are pleased to let you know that on 17th April 2020, a renowned Global Rating Agency, Standard & Poors reaffirmed its international rating for HDFC Bank at BBB- / A3 with a Stable outlook. Sanzone said his group completed a $29.15 million private capital raise for Evermore Bank. Our doorstep banking ensures a safe and convenient banking experience right at your doorstep. Eligibility. The action plan will take 10-12 weeks for implementation, and further timeframe will depend on the RBI's inspection. Two of Indias leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. His tenure will be started from October 2020 and he will serve at the post for the next three years. Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. Sashidhar Jagdishan has experience of over 29 years and he played a vital role in supporting the growth of the HDFC bank. Copyright 2023, THG PUBLISHING PVT LTD. or its affiliated companies. He has played a critical role in supporting the growth trajectory of the bank, it further said. According to his profile on the banks website, he heads the functions of Finance, Human Resources, Legal and Secretarial, Administration, Infrastructure, Corporate Communications and Corporate Social Responsibility. We hope that these global evaluations serve as a reminder that we remain committed to providing you the best of banking services, always. To read full story, subscribe to ET Prime, Billed annually at "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. It had reported a robust 19.6 per cent growth in its net profit for the first quarter of the fiscal. Get preferential loan rates & bank locker with HDFC Bank savings account. 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. 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! 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? 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. 12 were here. 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. Jagdishan will replace Aditya Puri, current Managing Director and Chief Executive Officer of HDFC Bank, who is set to retire on October 26. 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. CNBCTV18 EXCLUSIVE: RBI approves Sashidhar Jagdishan's name for CEO of HDFC Bank. Get live Share Market updates and latest India News and business news on Financial Express. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. JLP offers the best standardized test-prep and customized K-12 tutoring throughout Miami-Dade and Sashidhar Jagdishan is a 55-year-old man with a decent personality. WebThe Senior Management Team at HDFC Bank brings together a prestige of expertise and a wealth of experience. 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. Earlier, there were a lot of speculations around the potential candidate to step into the shoes of the CEO, but now a name has been finalised to succeed Aditya Puri. The RBI on August 4 approved the appointment ofSashidhar Jagdishan asManagingDirector and Chief Executive Officer (CEO) ofHDFC Bank for three years. HDFC Bank was founded in 1994, and since then Aditya Puri, CEO of HDFC Bank, has been heading the operations. He has led the finance function and played a pivotal role in aligning the organisation in achieving the strategic objectives over the years," the bank's website said. Insiders say Aditya Puri did little to hide his preference for SashidharJagdishan as his successor, and had been rallying behind him. Credited with scripting the banks success story, Puri has grown the banks balance sheet by a consistent 20 percent-plus annual growth rate to Rs 1,545,103 crore now through the economic upturns and downturns. This will alert our moderators to take action. 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. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. Kaizad Barucha, who has the highest board experience, was the senior-most candidate in the fray. Driven by an experienced board and visionary managing director, Weve done our very best to make these tough times a little easier for you. Cash pickup, cash drop and cheque pickup services can be requested from the comfort of home. HDFC Bank launches second edition: . WebHDFC Bank Research - Reports; Protect Life And Grow Wealth. WebOpen HDFC Bank savings account from your home & get insurance cover up to Rs.1.18 Cr*. However, the silver lining was that we now had the time and motivation to showcase our creativity to the world. WebHDFC Bank Parivartan's ECS Scholarship in School Programme (Merit-cum-Need Based) 2022-23. He also leads the finance function and played an important role in aligning the organization in achieving the strategic objectives over the years. Adar Poonawalla Wiki, Age, Girlfriend, Wife, Family, Biography & More, Sarah Michelle Gellar Age, Net Worth, Husband, Family and Biography (Updated 2023), Grace Van Dien Age, Net Worth, Boyfriend, Family and Biography (Updated 2023), Offset Age, Net Worth, Wife, Family and Biography (Updated 2023), Regina Ting Chen Age, Net Worth, Husband, Family and Biography (Updated 2023), Mae Martin Age, Net Worth, Boyfriend, Family and Biography (Updated 2023). Download Financial Express App for latest business news. Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. "I'm happy to say that our own HDFC Securities also has a plan and you will see that countering the threats from discount brokerages with its own neo architecture or discount kind of an architecture as well," Jagdishan told the bank's shareholders at its annual general meeting on Saturday. 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. It is now for the Reserve Bank of India to decide, 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? HDFC Bank share price gains nearly 6% on approval of new CEO. Aditya Puri who has been associated with the private sector lender since it started operations back in 1994 is set to retire in October this year. We also used the song to encourage people to contribute to the PM-CARES Fund and support the nation in these trying times. According to the banks official website, Sashidhar Jagdishan joined as a Manager in the Finance department in 1996. HDFC Bank had in April this year recommended Shashidhar Jagdishan, Kaizad Bharucha and Sunil Gargs names for post. 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 In July, Puri hadsaid his preferred successor has been with the bank for 25 years. Based on the satisfaction level, the regulator will lift the ban, the official said at an analysts meet. Sashidhar Jagdishans peers at other companies are Bosun Adekoya, Nooradlenna Razak, Hatem Elhady, Jonathan Eisenberg, Stephen Collins. boAt Lifestyle: why this popular audio makers profit growth rate is declining, Beyond politics: examining the ideological moorings of Gujarat and Kerala models of development, What does 2023 hold for Asia-Pacific economies? 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. Recently, RBI has removed the ban on issuing new credit cards for a long time on HDFC Bank. Download Financial Express App for latest business news. MUMBAI: Sashidhar Jagdishan, chief financial officer of HDFC Bank, is tipped to be elevated as executive director after deputy managing director Paresh All rights reserved. The Sashidhar Jagdishan joined the HDFC bank in 1996, after the completion of his masters degree. In his recent interaction with Business Today, Puri said he has "enjoyable plans" for the retirement life. 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. Save my name, email, and website in this browser for the next time I comment. With over 29 years of experience, Jagdishan served as the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate click here! Axis Bank-Citibank merger complete: What will happen to your Citi credit card, Citi debit card, savings, NRE account, home loan? Includes DocuBay and TimesPrime Membership. Also read:What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? 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. According to the plan, the bank will open 1,500 to 2,000 branches every year. 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. 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 Bank Parivartan 's ECS Scholarship in School Programme ( Merit-cum-Need Based ) 2022-23 updates on WhatsApp April this recommended. The RBI 's inspection asManagingDirector and Chief Executive Officer ( CEO ) ofHDFC for. A robust 19.6 per cent growth in its net profit for the Life... Will take 10-12 weeks for implementation, and so we needed to create symbol. 1749, Monthly he also leads the Finance function and played an important role supporting! 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