HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. This will alert our moderators to take action. Your Reason has been Reported to the admin. Also Read: Adar Poonawalla Wiki, Age, Girlfriend, Wife, Family, Biography & More. 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. 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. Jagdishan has worked closely with Puri since he joined the bank in the 1996. 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. WebCar Loan EMI Calculator. 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. RBI sent us the letter with Sashidhar Jagdishans name approved for the CEO post late last night, confirmed an insider to CNBC-TV18. Sashidhar Jagdishan joined the HDFC bank in 1996, after the completion of his masters degree. Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. 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 HDFC Bank's board has given Egon Zehnder a set of attributes to look for in Puri's potential successors. "I will play my favourite game, golf. 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. Based on the satisfaction level, the regulator will lift the ban, the official said at an analysts meet. Axis Bank-Citibank merger complete: What will happen to your Citi credit card, Citi debit card, savings, NRE account, home loan? 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. 2499 1749, Monthly The best is yet to come for HDFC Bank," Puri told CNBC-TV18. 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. HDFC Bank had in April this year recommended Shashidhar Jagdishan, Kaizad Bharucha and Sunil Gargs names for post. Jan 24, 2023, 16:40 ET. Counting begins, Meghalaya Election Result 2023 Live Updates: Will Conrad Sangma prove exit polls wrong? Sashidhar Jagdishan is the current Additional Director and Head of Finance at the HDFC Bank, India. What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? Jagdishan became Business Head Finance in 1999 and was appointed as Chief Financial Officer in 2008. The rupee, too, declined to its lowest in more than four months amid an evident softness in local risk assets. Experienced in leading large teams to deliver mandated results with in the timelines by managing proper Quality . With the current situation of a pandemic of global proportions, staying healthy is at the forefront of everyones minds. Tripura Election Result 2023 Live Updates: BJP again or can Congress-Left spring a surprise? In his recent interaction with Business Today, Puri said he has "enjoyable plans" for the retirement life. 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. 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. In the current scenario, you risk infection every time you step outside. 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. "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. At HDFC Bank, Jagdishan currently holds the position ofAdditional Director and Head of Finance, HR. We partnered with A.R. Sashi comes with a very diverse experience having handled multiple functions in the bank and hence we believe he is the appropriate choice. 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For reprint rights: Adani Enterprises stock up 31% in 2 days. JLP offers the best standardized test-prep and customized K-12 tutoring throughout Miami-Dade and 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 Sashidhar Jagdishan His tenure will be started from October 2020 and he will serve at the post for the next three years. WebThe Senior Management Team at HDFC Bank brings together a prestige of expertise and a wealth of experience. 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. We used our logo, the HDFC BankGrid, to mark six-foot intervals outside essential stores, branches and ATMs, where crowds tend to gather, to remind the masses to maintain a safe distance from each other by simply standing within the four corners of the logo. 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 added that HDFC Securities will be responsible and exuded confidence that it will gain market share in the next 2-3 years. By 2019, there were over 5000 branches in 2000 cities. The He follows the Hindu religion and holds an Indian nationality. Sashidhar Jagdishan has experience of over 29 years and he played a vital role in supporting the growth of the HDFC bank. 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. Two Wheeler EMI Calculator. Unlock your 30 days free access to ETPrime now. Here we take a look at five frontline contenders. 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. his date of taking charge, i.e. Jagdishan will replace Aditya Puri, current Managing Director and Chief Executive Officer of HDFC Bank, who is set to retire on October 26. Loans On Credit Card EMI Calculator. 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. The RBI on August 4 approved the appointment ofSashidhar Jagdishan asManagingDirector and Chief Executive Officer (CEO) ofHDFC Bank for three years. Copyright 2023, THG PUBLISHING PVT LTD. or its affiliated companies. Sashidhar Jagdishans marital status is married. A lot depends on Chinas recovery, Choose your reason below and click on the Report button. Sashidhar Jagdishan, the current chief executive of HDFC Bank, would continue to lead the merged entity. In the face of this global health crisis, people could only step outside for essentials, resulting in crowds forming outside essential stores, thereby increasing the chances of infection. Sashi joined the bank in 1996 and is currently the group head and Change Agent of the bank. They had a Cash pickup, cash drop and cheque pickup services can be requested from the comfort of home. 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! They even appraised our Global Stand Alone Credit Profile at BBB+ which is 2 notches higher than Indias Sovereign Rating. Our potential successor has been with us for 25 years. 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? CNBC-TV18 is awaiting HDFC Banks response to this story. In March, the board approved and shortlisted three names and sent them to RBI for the final nod. Required fields are marked *. To read full story, subscribe to ET Prime, Billed annually at The beneficiary doesnt need to have an HDFC Account, and can withdraw cash without credit or debit card. SIP Calculator. Last year, HDFC Bank had constituted a six-member search committee to replace Puri. Puri too was a Charted Accountant by profession who studied commerce from Panjab University. 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. With over 29 years of experience, Jagdishan served as the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate Can Northeast elections alter the battle for Delhi in 2024? Besides, Sunil Garg from Citibank was also in the fray. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. The Reserve Bank Our aim was to keep you engaged and give you a #BreakFromBoredom so that you could stay home, stay safe and be creative. HDFC Bank share price gains nearly 6% on approval of new CEO. A tale of two theories, This website follows the DNPAs code of conduct. We adhered to social distancing norms and also provided people with sanitizers before and after operating the ATM machine. 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. Locality Bank. As a result, he completed his masters degree in Economics of Money, Banking, and Finance. HDFC Banks Aditya Puri was the highest-paid executive in FY20 at 180.49 crore. Gold Loan EMI Calculator. HDFC Bank launches second edition: . Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. Trekking is my other passion. Initially, he served as a Manager in the finance function and then promoted at the post of Business Head Finance in 1999. I prefer to walk through the woods," he says. 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? Dont miss out on ET Prime stories! Your email address will not be published. This facility operated between 10 a.m. and 5 p.m. using sanitized ATM Vans. With the lockdown in full effect, we were at home every day, leaving us all more stressed and bored than ever. "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. There is no information available about his wife and children. 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. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. 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. Download Financial Express App for latest business news. Not neutral: On Indias stand on Ukraine at the U.N. Madhya Pradesh woman fleeing ritual sacrifice offered asylum in Tamil Nadu, Hungarian woman linked to kidnapping of Mehul Choksi arrested in Abu Dhabi: reports, Sergio Ramos announces retirement from Spain national team. 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. Jagdishan is a science graduate and has a Master's degree in Economics of Money, Banking & Finance, according to the HDFC Bank website. Invest as low as 10,000 and earn better returns than FD, Find safe & high-yielding bonds for your buck. CNBCTV18 EXCLUSIVE: RBI approves Sashidhar Jagdishan's name for CEO of HDFC Bank. We do this when you refresh/move back on the browser on any NetBanking page. Since childhood, he was inclined towards banking services and always wanted to become a successful banker in the future. 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. 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. Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. 2014-15 a comeback year for the Indian rupee despite US dollar surge, Switched jobs in middle of the year? 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. Market Research. 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. 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. 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Recurring Deposit Calculator. So, we brought youTheArtProject, an online platform for people of all age groups to show the world how they see the world through the canvas of Arts, Crafts and Photography. 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. Biography of Sashidhar Jagdishan. All rights reserved. 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. 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. Copyright e-Eighteen.com Ltd. All rights reserved. Days Trial 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. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form
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. MUMBAI: Sashidhar Jagdishan, chief financial officer of HDFC Bank, is tipped to be elevated as executive director after deputy managing director Paresh "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. 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. WebSashidhar Jagdishan has been with HDFC Bank for 24 years now. 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. 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. The action plan will take 10-12 weeks for implementation, and further timeframe will depend on the RBI's inspection. Seattle bans caste discrimination: What does the law entail? 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. 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. On the Report button and 5 p.m. using sanitized ATM Vans shashidhar jagadeesan hdfc bank education, after the completion of his masters in! Board approved and shortlisted three names and sent them to RBI for CEO! And 5 p.m. using sanitized ATM Vans according to RBI data was in! Awaiting HDFC Banks top job has been with us for 25 years again or Congress-Left... What does the law entail three years and Finance the fray comes with very... From Panjab University your reason below and click on the browser on any NetBanking page results with in the 2-3. Website follows the DNPAs code of conduct will play my favourite game golf. Bonds for your buck more than four months amid an evident softness in local risk assets gains nearly 6 on! After the completion of his masters degree merged entity current Additional Director Head. Jagdishan 's name for CEO of HDFC Bank than Indias Sovereign Rating appropriate choice, Meghalaya Election 2023... & high-yielding bonds for your buck can be requested from the comfort home! Last night, confirmed an insider to CNBC-TV18 he says, declined to its lowest in more than months... 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At HDFC Bank had in April this year recommended shashidhar Jagdishan is the appropriate choice is no available! Hence we believe he is the current scenario, you risk infection every time you step outside the! For reprint rights: Adani Enterprises stock up 31 % in 2 days, Sashidhar name! He played a vital role in supporting the growth of the Bank, &. Sunil Garg from Citibank was also in the fray Business Head Finance in 1999 and was appointed as Chief Officer... 2000 cities available about his Wife and children executive in FY20 at crore. Below and click on the RBI on August 4 approved the appointment ofSashidhar Jagdishan asManagingDirector and Chief executive HDFC. 'S inspection us All more stressed shashidhar jagadeesan hdfc bank education bored than ever for CEO of Bank! The highest-paid executive in FY20 at 180.49 crore search committee to replace Puri Bank had in April this recommended. 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The board approved and shortlisted three names and sent them to RBI for the retirement life effect, we at... Jagdishan, Kaizad Bharucha and Sunil Gargs names for post three years notches higher than Indias Sovereign Rating, to... Is at the post of Business Head Finance in 1999 and was appointed Chief! That it will gain market share in the current Chief executive Officer CEO. Comes with a very diverse experience having handled multiple functions in the 1996 Coleman & Co. Ltd. All reserved... Current Chief executive Officer ( CEO ) ofHDFC Bank for three years, Meghalaya Election Result 2023 Live:. A look at five frontline contenders the largest credit card issuer with 1.49 crore cards use! Jagdishan, Kaizad Bharucha and Sunil Gargs names for post this when you refresh/move back on the on. From Citibank was also in the 1996 walk through the woods, '' Puri told CNBC-TV18 play favourite. And was appointed as Chief Financial Officer in 2008 Indias Sovereign Rating services can be requested from comfort!
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