Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. HDFC Bank sets up panel to shortlist candidates, Also Read: HDFC Bank becomes first bank to cross Rs 7 lakh crore market cap, Also read: HDFC Bank finalises three names for top post; could announce Aditya Puri's successor soon, Also read: 'Sharing a Coke, wearing Bata shoes': HDFC Bank chief Aditya Puri takes a walk down memory lane, Copyright2023 Living Media India Limited. WebHDFC Bank Research - Reports; Protect Life And Grow Wealth. After a 25-year-long illustrious career, Aditya Puri, 69, will retire but he is ready for the second innings. Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. Required fields are marked *. Jagdishan will replace Aditya Puri, current Managing Director and Chief Executive Officer of HDFC Bank, who is set to retire on October 26. HDFC Bank had in April this year recommended Shashidhar Jagdishan, Kaizad Bharucha and Sunil Gargs names for post. The beneficiary doesnt need to have an HDFC Account, and can withdraw cash without credit or debit card. Also read:HDFC Bank share price gains nearly 6% on approval of new CEO. HDFC Bank was founded in 1994, and since then Aditya Puri, CEO of HDFC Bank, has been heading the operations. 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. WebSashi Jagdishan is Managing Director/CEO at Hdfc Bank Ltd. See Sashi Jagdishan's compensation, career history, education, & memberships. In his recent interaction with Business Today, Puri said he has "enjoyable plans" for the retirement life. 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. 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. Jagdishan has worked closely with Puri since he joined the bank in the 1996. In March, the board approved and shortlisted three names and sent them to RBI for the final nod. In July, Puri hadsaid his preferred successor has been with the bank for 25 years. Reproduction of news articles, photos, videos or any other content in whole or in part in any form "I will play my favourite game, golf. We do this when you refresh/move back on the browser on any NetBanking page. 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. Your Reason has been Reported to the admin. 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. Recently, RBI has removed the ban on issuing new credit cards for a long time on HDFC Bank. Recently he has been named as the next Chief Executive Officer of the HDFC Bank replacing Aditya Puri who will be going to retire in October 2020. WebCar Loan EMI Calculator. He follows the Hindu religion and holds an Indian nationality. The students must be currently studying in Classes 1 to 12 in a private, government, or government-aided school. This facility operated between 10 a.m. and 5 p.m. using sanitized ATM Vans. 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 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. PLAN, Access the exclusive Economic Times stories, Editorial and Expert opinion, 90 Days Prime access worth Rs999 unlocked for you, Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors, Stock analysis. A tale of two theories, This website follows the DNPAs code of conduct. 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. 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. Save my name, email, and website in this browser for the next time I comment. Jan 24, 2023, 16:40 ET. 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. 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. Sashidhar Jagdishan has experience of over 29 years and he played a vital role in supporting the growth of the HDFC bank. Besides, Sunil Garg from Citibank was also in the fray. There is not much information available about his parents and siblings as he never revealed anything about his personal life in public. 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. CNBCTV18 EXCLUSIVE: RBI approves Sashidhar Jagdishan's name for CEO of HDFC Bank. Sashi joined the bank in 1996 as a manager in the finance function and has overall experience of 29 years. The report further states that the RBI has approved Sashidhar Jagdishans appointment for three years from the date of his joining, ie, October 27, 2020. {{NavBarAdvancedController.userName.split(' ')[0]}}, Remittance (International Money Transfers ), Recommended Portfolio Equity and Debt Mutual Funds, Credit Debit INR Prepaid Card System Upgrade, Non-Withdrawable-Interest-Rates-for-2 Cr-above, Use Of Unparliamentary Language By Customers, Visa/ MasterCard SecureCode/ Netsafe/ RuPay PaySecure. Linked companies : HDFC Bank Limited. Car Loan BT Top-Up Calculator. Register now. Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. Our doorstep banking ensures a safe and convenient banking experience right at your doorstep. 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. 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. Also read: Who will be Aditya Puri's successor? 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. We adhered to social distancing norms and also provided people with sanitizers before and after operating the ATM machine. Age : 57. PLAN. 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. Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. Our aim was to keep you engaged and give you a #BreakFromBoredom so that you could stay home, stay safe and be creative. 10,000, LeapToUnicorn - mentoring, networking and fundraising for startups. 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. The He is largely credited for turning it into one of Indias most valuable private banks. At HDFC Bank, Jagdishan currently holds the position ofAdditional Director and Head of Finance, HR. His tenure will be started from October 2020 and he will serve at the post for the next three years. 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 2020-21 . He was appointed as Chief Financial Officer in 2008, and was replaced bySrinivasan Vaidyanathan in 2019. Seattle bans caste discrimination: What does the law entail? MUMBAI: Sashidhar Jagdishan, chief financial officer of HDFC Bank, is tipped to be elevated as executive director after deputy managing director Paresh 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 Eligibility. "Sashidhar is humane; he is motivational; he is a very thorough executor," he added. Two of Indias leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. 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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. 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