Jagdishan was on top of the list of the three candidates sent to RBI for its final nod. Often refered to as Sashi, he joined the Bank in the year 1996 as a Manager in the 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 MUMBAI: Sashidhar Jagdishan, chief financial officer of HDFC Bank, is tipped to be elevated as executive director after deputy managing director Paresh 12 were here. The banks Managing Director and CEO Shashidhar Jagadeesan said that the bank is working on a plan to double its network of branches in the next three to five years which will be another HDFC Bank ( HDFC Bank) is equal to adding. Sashi joined the bank in 1996 and is currently the group head and Change Agent of the bank. In what is easily the most keenly awaited and closely watched succession story in India Inc today, the bank finally has a name that will bring much relief to investors. 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. 15 In order to maximise your convenience and minimise your chances of infection, we deployed Mobile Automated Teller Machines (ATMs) to help people get access to easy cash withdrawals. 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 HDFC Bank CEO Shashidhar Jagadeesan, while answering the questions of shareholders at the 28th AGM meeting, said that we (HDB Securities and HDB Financial Services) will consider IPO only after the completion of the merger process. Our doorstep banking ensures a safe and convenient banking experience right at your doorstep. HDFC Bank launches second edition: . For reprint rights: Continue reading with one of these options: Login to get access to some exclusive stories, Get access to exclusive stories, expert opinions &, Valid only with UPI, Credit & Debit Cards Autopay, Inciting hatred against a certain community, 15 Recurring Deposit Calculator. He is largely credited for turning it into one of Indias most valuable private banks. Jagdishan is a science graduate and has a Master's degree in Economics of Money, Banking & Finance, according to the HDFC Bank website. CNBC-TV18 is awaiting HDFC Banks response to this story. 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. Always invest lots of time & energy in developing 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. Weve done our very best to make these tough times a little easier for you. Also, in our marketing with investors across the globe, Sashi was their preferred choice. 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 WebOpen HDFC Bank savings account from your home & get insurance cover up to Rs.1.18 Cr*. This facility operated between 10 a.m. and 5 p.m. using sanitized ATM Vans. Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. 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. WebCar Loan EMI Calculator. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. 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. Days Trial Since childhood, he was inclined towards banking services and always wanted to become a successful banker in the future. They had a 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. For security reasons, we have logged you out of HDFC Bank NetBanking. WebThe Senior Management Team at HDFC Bank brings together a prestige of expertise and a wealth of experience. "He has played a critical role in supporting the growth trajectory of the bank. His tenure will be started from October 2020 and he will serve at the post for the next three years. Sashi joined the bank in 1996 as a manager in the finance function and has overall experience of 29 years. Jagdishan is currently Group Head and Change Agent, HDFC Bank. PLAN, Yearly The Reserve Bank Gold Loan EMI Calculator. He added that HDFC Securities will be responsible and exuded confidence that it will gain market share in the next 2-3 years. The students must be currently studying in Classes 1 to 12 in a private, government, or government-aided school. Edited By jyoti choudhary, Updated: 25 Jul, 2021 05:36 PM. Air India to recruit 900 pilots, 4,200 cabin crew trainees this year, Know how to integrate ChatGPT with WhatsApp, Stocks that will see action on February 24, 2022, IOC plays cupid and matchmaker at workplace, Indiabulls Housing Finances board and management working on simplification of companys structure: Gagan Banga. 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. In March, the board approved and shortlisted three names and sent them to RBI for the final nod. To read full story, subscribe to ET Prime, Billed annually at 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. Puri too was a Charted Accountant by profession who studied commerce from Panjab University. Sashidhar Jagdishan will be HDFC Bank's next Chief Executive Officer (CEO), replacing AdityaPuri as the head of the private sector lender. Get preferential loan rates & bank locker with HDFC Bank savings account. Jagdishan will be taking over at a time of increased economic uncertainty amidst the Covid-19 led crisis. 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 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. 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. Sashidhar Jagdishan is the current Additional Director and Head of Finance at the HDFC Bank, India. 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? Between 2008 and 2019, he served as the Chief Financial Officer of the organisation. Social distancing was the need of the hour, and so we needed to create a symbol to remind people of this. 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? HDFC Bank share price gains nearly 6% on approval of new CEO. Recently, RBI has removed the ban on issuing new credit cards for a long time on HDFC Bank. 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. Last year, HDFC Bank had constituted a six-member search committee to replace Puri. They even appraised our Global Stand Alone Credit Profile at BBB+ which is 2 notches higher than Indias Sovereign Rating. 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. It is also one of the largest banks with regards to UPI transactions with 179.5 million transactions processed through its system in October. He didnt have any tattoo painted on his body. 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. 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. With over 29 years of experience, Jagdishan served as the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate Jagdishan has worked closely with Puri since he joined the bank in the 1996. 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? 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+. 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