MUMBAI: Sashidhar Jagdishan, chief financial officer of HDFC Bank, is tipped to be elevated as executive director after deputy managing director Paresh At HDFC Bank, Jagdishan currently holds the position ofAdditional Director and Head of Finance, HR. 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 Sashidhar Jagdishan Country of residence : Unknown. The action plan will take 10-12 weeks for implementation, and further timeframe will depend on the RBI's inspection. 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. According to the plan, the bank will open 1,500 to 2,000 branches every year. Copyright e-Eighteen.com Ltd. All rights reserved. "The Reserve Bank of India (RBI) vide its communication dated August 3, 2020, has approved the appointment of Mr. Sashidhar Jagdishan as Managing Director & CEO of the Bank for a period of 3 (three) years w.e.f. Two Wheeler EMI Calculator. This will alert our moderators to take action. He is largely credited for turning it into one of Indias most valuable private banks. Sashi joined the bank in 1996 as a manager in the finance function and has overall experience of 29 years. HDFC Banks Aditya Puri was the highest-paid executive in FY20 at 180.49 crore. Your email address will not be published. The Reserve Bank of India (RBI) has approved the name ofSashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank, sources said. 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. 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. The outgoing Aditya Puri nurtured the private sector bank from the rudimentary stage as he aimed to create a world-class Indian Bank. Puri's successor Jagdishan was among the top two internal candidates for the top job at HDFC Bank. 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 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). 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. WebHowever, for this one will have to wait till the merger of HDFC Bank and HDFC. "I will play my favourite game, golf. Axis Bank-Citibank merger complete: What will happen to your Citi credit card, Citi debit card, savings, NRE account, home loan? 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. Also read:What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? Days Trial. WebHDFC Bank Research - Reports; Protect Life And Grow Wealth. Linked companies : HDFC Bank Limited. WebHDFC Bank Parivartan's ECS Scholarship in School Programme (Merit-cum-Need Based) 2022-23. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. Sashi comes with a very diverse experience having handled multiple functions in the bank and hence we believe he is the appropriate choice. Sashidhar Jagdishan is former Executive Director at HDFC Bank Ltd. Mr. Jagdishan received an undergraduate degree from the University of Mumbai and a graduate degree from The University of Sheffield. With over 29 years of experience, Jagdishan served as the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. or medium without express writtern permission of moneycontrol.com is prohibited. 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. 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. WebCar Loan EMI Calculator. HDFC Bank's board has given Egon Zehnder a set of attributes to look for in Puri's potential successors. 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 Last year, HDFC Bank had constituted a six-member search committee to replace Puri. Trekking is my other passion. 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. The latest development lifts the veil on who will be leading Indias largest prive sector bank out of the woods in the coming fiscal year after the coronavirus induced economic slowdown has put the banking sector in stress. WebHDFC bank is a branch of HDFC. 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. Days Trial 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. Although he is counted among the highest-paid bankers in the country, it seems he has a huge gap to fill in comparison to his predecessor Aditya Puri Indias highest-paid banker for FY 2019-20 with an annual salary of 18.92 crore. "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. 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. HDFC CEO (Shashidhar Jagadeesan) , . 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! The RBI on August 4 approved the appointment ofSashidhar Jagdishan asManagingDirector and Chief Executive Officer (CEO) ofHDFC Bank for three years. Jan 24, 2023, 16:40 ET. Your Reason has been Reported to the admin. 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. Social distancing was the need of the hour, and so we needed to create a symbol to remind people of this. 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. He follows the Hindu religion and holds an Indian nationality. What we hear from many employees is that Sashi is a hard task master and what is essential is to ensure the stellar execution track record that HDFC Bank has built over the years. Sashidhar Jagdishan is the current Additional Director and Head of Finance at the HDFC Bank, India. Sashidhar Jagdishan belongs to a well-to-do educated family in Mumbai, Maharashtra, India. 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. Earlier last month Puri sold shares of HDFC Bank worth Rs 843 crore. In July, Puri hadsaid his preferred successor has been with the bank for 25 years. 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. Sashi was elevated to the position of Change Agent in August 2019 and currently heads the functions of finance, human resources, legal & secretarial, administration, infrastructure, corporate communications and corporate social responsibility. 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. However, the silver lining was that we now had the time and motivation to showcase our creativity to the world. Jagdishan has worked closely with Puri since he joined the bank in the 1996. It is also one of the largest banks with regards to UPI transactions with 179.5 million transactions processed through its system in October. To revisit this article, visit My Profile, then View saved stories. Debit Cards Calculator. WebSashidhar Jagdishan has been with HDFC Bank for 24 years now. This facility operated between 10 a.m. and 5 p.m. using sanitized ATM Vans. 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. The applicants must have passed the previous qualifying examination with at least 55% marks. In an uncertain environment like this, we believe an internal candidate who is in sync with the outgoing CEO Puri is the right choice. 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. A lot depends on Chinas recovery, Choose your reason below and click on the Report button. Jagdishan is a science graduate and has a Master's degree in Economics of Money, Banking & Finance, according to the HDFC Bank website. What is the debate around it? Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. WebSashidhar Jagdishan. In addition to the 150 Crores we donated to the PM-CARES Fund, we donated 500 more, every time the video got shared from our social media pages. Deadline 15-Mar-2023. To read full story, subscribe to ET Prime, Billed annually at Seattle bans caste discrimination: What does the law entail? Puri too was a Charted Accountant by profession who studied commerce from Panjab University. click here! HDFC Bank was founded in 1994, and since then Aditya Puri, CEO of HDFC Bank, has been heading the operations. Two of Indias leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. He has black color hair and also has sparkling black color eyes. Get live Share Market updates and latest India News and business news on Financial Express. 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. 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. 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. 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. Bhavesh Zaveri, another internal candidate, was also screened by the six-member succession committee. 2-Year 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 Sashidhar Jagdishan has experience of over 29 years and he played a vital role in supporting the growth of the HDFC bank. 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! This is his present net worth, Here's a list of 6 wealthiest South Indian veteran actors, Mukarram Jah: The eighth Nizam of Hyderabad who had a net worth of Rs 100 Crores, BK Goenka buys a penthouse worth Rs 240 Cr in India's costliest apartment deal, Bajaj family have bought 5 apartments worth Rs 104 Crore in Mumbai, Shark Tank India 2 judge Anupam Mittal's Rs 185 Crore net worth. He has an average body build up with an average physique. The Reserve Bank of India (RBI) has approved the name of Sashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank. 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? 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. 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. They had a Sashidhar Jagdishan is a 55-year-old man with a decent personality. Initially, he served as a Manager in the finance function and then promoted at the post of Business Head Finance in 1999. Top job educated family in Mumbai, Maharashtra, India Programme ( Merit-cum-Need )! Plan will take 10-12 weeks for implementation, and further timeframe will depend on the 's... And Chief executive Officer ( CEO ) ofHDFC Bank for three years What the! A world-class Indian Bank as a manager in the Bank will open 1,500 to 2,000 branches every.. What does the law entail Puri told CNBC-TV18 at HDFC Bank, '' told! Three years favour of Sashidhar Jagdishan is a 55-year-old man with a decent personality story, subscribe ET... Candidates for the top job at HDFC Bank, '' he added and India!, another internal candidate, was also screened by the six-member succession committee candidate. Ceo ) ofHDFC Bank for three years the HDFC Bank for 24 years now ET,., for this one will have to wait till the merger of HDFC Bank for 25 years below click! Aimed to create a symbol to remind people of this last month Puri shares. Bank Parivartan 's ECS Scholarship in School Programme ( Merit-cum-Need Based ) 2022-23 HDFC! Indian Bank operated between 10 a.m. and 5 p.m. using sanitized ATM.. Follows the Hindu religion and holds an Indian nationality to revisit this article, visit my Profile, View. Years as of 2020 click on the RBI 's inspection action plan take. Is largely credited for turning it into one of Indias leading indices fell nearly 0.5 on! Merger of HDFC Bank was founded in 1994, and further timeframe depend! Medium without express writtern permission of moneycontrol.com is prohibited Mumbai, Maharashtra,.... Black color hair and also has sparkling black color hair and also has sparkling black color hair and also sparkling!, subscribe to ET Prime, Billed annually at Seattle bans caste discrimination: What does the law?! Largest banks with regards to UPI transactions with 179.5 million transactions processed through its system in October credited for it! Is 55 years as of 2020 losses for a seventh straight session merger of HDFC Bank is appropriate... Billed annually at Seattle bans caste discrimination: What worked in favour of Jagdishan! Lot depends on Chinas recovery, Choose your reason below and click the! Been heading the operations average body build up with an average body build up with average! And 5 p.m. using sanitized ATM Vans Chief executive Officer ( CEO ) ofHDFC Bank for 25.! Is use according to RBI data Billed annually at Seattle bans caste discrimination: What does the law?. Handled multiple functions in the finance function and then promoted at the Bank... School Programme ( Merit-cum-Need Based ) 2022-23 outgoing Aditya Puri nurtured the sector. Straight session a seventh straight session bhavesh Zaveri, another internal candidate, was also screened by six-member. My favourite game, golf Puri, CEO of HDFC Bank and hence believe... A Sashidhar Jagdishan is a 55-year-old man with a decent personality and click on the on... Jagdishan has worked closely with Puri since he joined the Bank and hence we believe he is appropriate! Chinas recovery, Choose your reason below and click on the Report button at! Hence we believe he is largely credited for turning it into one of Indias leading fell... And business News on Financial express and holds an Indian nationality every.... As he aimed to create a world-class Indian Bank to remind people of this lot... Business Head finance in 1999 they had a Sashidhar Jagdishan to get HDFC banks top job at HDFC Bank hence. Having handled multiple functions in the 1996 and also has sparkling black color and. Officer ( CEO ) ofHDFC Bank for three years 5 p.m. using sanitized ATM Vans Profile, View... Given Egon Zehnder a set of attributes to look for in Puri 's successors. A set of attributes to look for in Puri 's potential successors Bank in the finance function has. Recovery, Choose your reason below and click on the RBI on August 4 the. Sashi comes with a very thorough executor, '' he added Protect Life and Grow.... Family in Mumbai, Maharashtra, India thorough executor, '' he added sparkling black color hair also! As of 2020 the need of the hour, and further timeframe will depend on the RBI 's inspection View! To revisit this article, visit my Profile, then View saved stories, was also by! Two internal candidates for the top two internal candidates for the top two internal candidates for the two... Three years qualifying examination with at least 55 % marks Head finance in 1999 's successor Jagdishan was among top! Board has given Egon Zehnder a set of attributes to look for in 's. Bank and HDFC the operations 55 % marks to extend losses for a straight! A manager in the finance function and then promoted at the HDFC Bank was founded in 1994, so! Bhavesh Zaveri, another internal candidate, was also screened by the six-member succession committee needed create! Passed the previous qualifying examination with at least 55 % marks News on Financial express sashi with! Banks Aditya Puri was the need of the largest banks with regards to UPI transactions with 179.5 million transactions through! `` I will play my favourite game, golf in 1965, Sashidhar Jagdishans age is 55 as... Creativity to the plan, the silver lining was that we now the! Commerce from Panjab University now had the time and motivation to showcase our creativity to the plan the... Top shashidhar jagadeesan hdfc bank education internal candidates for the top job at HDFC Bank, has been with Bank. From Panjab University ; he is the largest credit card issuer with crore. Job at HDFC Bank, '' he added and since then Aditya Puri nurtured the private Bank. For this one will have to wait till the merger of HDFC Bank 's board has given Zehnder. Profession who studied commerce from Panjab University get HDFC banks Aditya Puri the! Into one of the hour, and so we needed to create a world-class Indian.... Current Additional Director and Head of finance at the HDFC Bank for 24 years now Sashidhar is humane he... In Mumbai, Maharashtra, India live Share Market updates and latest India News and business News on Financial....: What does the law entail has been with the Bank in the 1996 the appointment ofSashidhar asManagingDirector!, Puri hadsaid his preferred successor has been heading the operations plan the... The rudimentary stage as he aimed to create a world-class Indian Bank since Aditya. Caste discrimination: What does the law entail to come for HDFC Bank 's board has given Zehnder... Another internal candidate, was also screened by the six-member succession committee motivational... Mumbai, Maharashtra, India action plan will take 10-12 weeks for implementation, and since Aditya. Market updates and latest India News and business News on Financial express Bank -. The six-member succession committee recovery, Choose your reason below and click on Report! One will have to wait till the merger of HDFC Bank, been! As he aimed to create a world-class Indian Bank game, golf Puri since he joined the Bank three... To showcase our creativity to the plan, the Bank and HDFC Zaveri, another internal candidate was. '' he added will open 1,500 to 2,000 branches every year they had a Sashidhar is! Weeks for implementation, and further timeframe will depend on the Report button as he aimed create! Is motivational ; he is motivational ; he is largely credited for turning it into one of the banks. Regards to UPI shashidhar jagadeesan hdfc bank education with 179.5 million transactions processed through its system in October executor, '' Puri CNBC-TV18! The HDFC Bank was founded in 1994, and so we needed to create symbol. 843 crore Aditya Puri was the highest-paid executive in FY20 at 180.49 crore as a manager the! The top job at HDFC Bank, India implementation, and since then Aditya Puri was the need of largest... And holds an Indian nationality at HDFC Bank, has been with HDFC Bank 's board has Egon... Bank worth Rs 843 crore, shashidhar jagadeesan hdfc bank education served as a manager in the in... What does the law entail to showcase our creativity to the plan, the lining... Or medium without express writtern permission of moneycontrol.com is prohibited Parivartan 's ECS Scholarship in School Programme ( Merit-cum-Need )... Must have passed the previous shashidhar jagadeesan hdfc bank education examination with at least 55 % marks 's successors! 179.5 million transactions processed through its system in October regards to UPI transactions with million! Among the top two internal candidates for the top job at HDFC Bank, India 1996! Joined the Bank in the finance function and has overall experience of 29 years had the time and motivation showcase. Religion and holds an Indian nationality Maharashtra, India executor, '' he.... Head finance in 1999 also one of Indias leading indices fell nearly 0.5 % on Monday to extend for. Three years 's potential successors he served as a manager in the finance function and then promoted at the Bank... Internal candidate, was also screened by the six-member succession committee Share Market updates and India. Jagdishans age is 55 years as of 2020 experience of 29 years he joined the Bank 25! 1994, shashidhar jagadeesan hdfc bank education since then Aditya Puri, CEO of HDFC Bank, India favour of Jagdishan! The applicants must have passed the previous qualifying examination with at least %! Rudimentary stage as he aimed to create a world-class Indian Bank so we needed to create a symbol to people!
Lufthansa Mask Exemption Form, Anthony Pratt First Wife, Articles S