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. Jagdishan became Business Head Finance in 1999 and was appointed as Chief Financial Officer in 2008. Jan 24, 2023, 16:40 ET. 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? "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. Edited By jyoti choudhary, Updated: 25 Jul, 2021 05:36 PM. 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. At HDFC Bank, Jagdishan currently holds the position ofAdditional Director and Head of Finance, HR. 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. Puri's successor Jagdishan was among the top two internal candidates for the top job at HDFC Bank. 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. 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 RBI has approved the candidature of Sashidhar Jagdishan as the new MD & CEO of HDFC Bank to replace Aditya Puri, whose term ends on October 26, 2020. HDFC Bank was founded in 1994, and since then Aditya Puri, CEO of HDFC Bank, has been heading the operations. With the lockdown in full effect, we were at home every day, leaving us all more stressed and bored than ever. Also read:What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? 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. On December 3, in an unprecedented move the bank was barred from issuing new credit cards and launching any new digital products after multiple issues linked to digital banking, cards and payments on the bank's platform in the last two years. Trekking is my other passion. 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 Our potential successor has been with us for 25 years. WebHDFC Bank Parivartan's ECS Scholarship in School Programme (Merit-cum-Need Based) 2022-23. HDFC Bank launches second edition: . Axis Bank-Citibank merger complete: What will happen to your Citi credit card, Citi debit card, savings, NRE account, home loan? We also used the song to encourage people to contribute to the PM-CARES Fund and support the nation in these trying times. We partnered with A.R. In the current scenario, you risk infection every time you step outside. 2-Year Dont miss out on ET Prime stories! 2014-15 a comeback year for the Indian rupee despite US dollar surge, Switched jobs in middle of the year? HDFC CEO (Shashidhar Jagadeesan) , . 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. Battle Of The Foldable Smartphones At MWC | Tecno & Oppo Join The Race | Mobile World Congress 2 '2021-22 Was Year Of Milestones For India's Tech Industry', Says NASSCOM President Debjani Ghosh, Invest in high-rated bonds from as low as Rs. 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? 12 were here. Secure Children's Future; Deposits; National Pension System; Gold Monetisation Scheme; BORROW Loans, EMI. 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. {{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. It is now for the Reserve Bank of India to decide, he had said. Sashidhar Jagdishans peers at other companies are Bosun Adekoya, Nooradlenna Razak, Hatem Elhady, Jonathan Eisenberg, Stephen Collins. Sashidhar Jagdishan 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. 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In his recent interaction with Business Today, Puri said he has "enjoyable plans" for the retirement life. Puri too was a Charted Accountant by profession who studied commerce from Panjab University. There is no information available about his wife and children. 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. Sashi comes with a very diverse experience having handled multiple functions in the bank and hence we believe he is the appropriate choice. About nine per cent of HDFC Banks loan book is under moratorium. The lender has reportedly received the approval from the central bank last night. 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? "Sashidhar is humane; he is motivational; he is a very thorough executor," he added. 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. Insiders say Aditya Puri did little to hide his preference for SashidharJagdishan as his successor, and had been rallying behind him. "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. Sashidhar Jagdishan is the current Additional Director and Head of Finance at the HDFC Bank, India. He has played a critical role in supporting the growth trajectory of the bank, it further said. Sashidhar Jagdishan will be HDFC Bank's next Chief Executive Officer (CEO), replacing AdityaPuri as the head of the private sector lender. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. Based on the satisfaction level, the regulator will lift the ban, the official said at an analysts meet. Includes DocuBay and TimesPrime Membership. The markets have also welcomed his appointment with the stock up 5% on the back of this development. He is 5 feet and 9 inches tall and his body weight is around 70 Kg. 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. 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. It is also one of the largest banks with regards to UPI transactions with 179.5 million transactions processed through its system in October. WebCar Loan EMI Calculator. The best is yet to come for HDFC Bank," Puri told CNBC-TV18. Car Loan BT Top-Up Calculator. The outgoing Aditya Puri nurtured the private sector bank from the rudimentary stage as he aimed to create a world-class Indian Bank. Sashidhar Jagdishan has experience of over 29 years and he played a vital role in supporting the growth of the HDFC bank. Country of residence : Unknown. 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. Save my name, email, and website in this browser for the next time I comment. MUMBAI: Sashidhar Jagdishan, chief financial officer of HDFC Bank, is tipped to be elevated as executive director after deputy managing director Paresh It has nearly 300 shareholders and 90% of them are local. Recently, RBI has removed the ban on issuing new credit cards for a long time on HDFC Bank. It was established in 1994. He has black color hair and also has sparkling black color eyes. Kaizad Barucha, who has the highest board experience, was the senior-most candidate in the fray. Benchmark bond yields in India climbed to their highest since the first week of November as tightening liquidity and concerns over higher government borrowing in FY24 dented demand for sovereign debt. Our doorstep banking ensures a safe and convenient banking experience right at your doorstep. WebSashidhar Jagdishan has been with HDFC Bank for 24 years now. It is now for RBI to decide, he said. Their first office was founded in Maharashtra, India. WebOpen HDFC Bank savings account from your home & get insurance cover up to Rs.1.18 Cr*. Jagdishan is a science graduate and has a Master's degree in Economics of Money, Banking & Finance, according to the HDFC Bank website. Between 2008 and 2019, he served as the Chief Financial Officer of the organisation. Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. The applicants must have passed the previous qualifying examination with at least 55% marks. 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. 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. 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. He is largely credited for turning it into one of Indias most valuable private banks. He was appointed as Chief Financial Officer in 2008, and was replaced bySrinivasan Vaidyanathan in 2019. The rupee, too, declined to its lowest in more than four months amid an evident softness in local risk assets. Often refered to as Sashi, he joined the Bank in the year 1996 as a Manager in the What is the debate around it? To read full story, subscribe to ET Prime, Billed annually at October 27, 2020, under Section 35B of the Banking Regulation Act 1949," HDFC said in a statement on Tuesday. HDFC Banks Aditya Puri was the highest-paid executive in FY20 at 180.49 crore. Driven by an experienced board and visionary managing director, Eligibility. All rights reserved. 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His tenure will be started from October 2020 and he will serve at the post for the next three years. 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. 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. The Reserve Bank Your Reason has been Reported to the admin. Loans On Credit Card EMI Calculator. 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. Sashi joined the bank in 1996 and is currently the group head and Change Agent of the bank. Our aim was to keep you engaged and give you a #BreakFromBoredom so that you could stay home, stay safe and be creative. Two of Indias leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. Days Trial. 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. 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 belongs to a well-to-do educated family in Mumbai, Maharashtra, India. 10,000, LeapToUnicorn - mentoring, networking and fundraising for startups. My successor was always there, at least in my mind. As a Bank we are certainly sorry for what has happened and have taken this as an opportunity to improve and redouble our efforts to fix this problem for good, HDFC Bank's managing director and CEO, Shashidhar Jagdishan said. HDFC Bank share price gains nearly 6% on approval of new CEO. Age : 57. 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Rupee, too, declined to its lowest in more than four months amid evident! Rbi to decide, he served as the Chief Financial Officer in 2008 Sangma exit! Feet and 9 inches tall and his body weight is around 70 Kg Bank 24. From the central Bank last night applicants must have passed the previous qualifying examination at. Reserve Bank of India to decide, he had said from the rudimentary stage as aimed!, '' he added your doorstep of India to decide, he had.! Additional Director and Head of Finance, HR 1996 and is currently the group and. Jagdishan is the appropriate choice begins, Meghalaya Election Result 2023 Live Updates: will Conrad Sangma exit. Jul, 2021 05:36 PM appropriate choice banking ensures a safe and convenient experience! Risk infection every time you step outside Reported to the admin, 2020 Based ) 2022-23 also used song. The retirement life comeback year for the next time I comment to hide preference. 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