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 It is now for RBI to decide, he said. 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. Required fields are marked *. HDFC Ltd Chairman Deepak Parekh will step aside, after having led India's mortgage-lending pioneer for more than four decades, once the proposed merger between the home-financier and HDFC Bank is consummated. 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. 10,000, LeapToUnicorn - mentoring, networking and fundraising for startups. Days Trial 2-Year Sashidhar Jagdishan Dont miss out on ET Prime stories! To read full story, subscribe to ET Prime, Billed annually at 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. He also holds the distinction of being the longest-running CEO of any bank in India. 12 were here. 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 As a result, he completed his masters degree in Economics of Money, Banking, and Finance. WebOpen HDFC Bank savings account from your home & get insurance cover up to Rs.1.18 Cr*. We also used the song to encourage people to contribute to the PM-CARES Fund and support the nation in these trying times. Our doorstep banking ensures a safe and convenient banking experience right at your doorstep. PLAN, Yearly FORT LAUDERDALE, Fla., Jan. 24, 2023 /PRNewswire/ -- Locality Bank, the first community bank to open in South Florida in more CNBC-TV18 is awaiting HDFC Banks response to this story. 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. The rupee, too, declined to its lowest in more than four months amid an evident softness in local risk assets. About nine per cent of HDFC Banks loan book is under moratorium. 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. Presenting Hum Haar Nahi Maanenge, a song that served as a clarion call to spread hope, positivity & motivation and also served as a reminder that we are in this together and will get through this together. Register now. At HDFC Bank, Jagdishan currently holds the position ofAdditional Director and Head of Finance, HR. Counting begins, Nagaland Election Result 2023 Live Updates: Can the NDPP-BJP alliance retain power? Gold Loan EMI Calculator. My successor was always in place, at least in my mind. 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. A tale of two theories, This website follows the DNPAs code of conduct. 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. PLAN. 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. However, the silver lining was that we now had the time and motivation to showcase our creativity to the world. Also read:What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? I prefer to walk through the woods," he says. 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. Recently, RBI has removed the ban on issuing new credit cards for a long time on HDFC Bank. 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. Market Research. 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. HDFC 2020-21 . The recent selloff mirrors the weak trend in global equities after a series of US economic data including Fridays consumer price inflation, which is the Federal Reserves most preferred inflation gauge compounded fears the Federal Reserve will keep policy rates elevated for longer than the market had priced in. Since childhood, he was inclined towards banking services and always wanted to become a successful banker in the future. 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. Jagdishan will be taking over at a time of increased economic uncertainty amidst the Covid-19 led crisis. Weve done our very best to make these tough times a little easier for you. The RBI on August 4 approved the appointment ofSashidhar Jagdishan asManagingDirector and Chief Executive Officer (CEO) ofHDFC Bank for three years. 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. 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). Also read:HDFC Bank share price gains nearly 6% on approval of new CEO. Credited with scripting the banks success story, Puri has grown the banks balance sheet by a consistent 20 percent-plus annual growth rate to Rs 1,545,103 crore now through the economic upturns and downturns. Sashi joined the bank in 1996 as a manager in the finance function and has overall experience of 29 years. We hope that these global evaluations serve as a reminder that we remain committed to providing you the best of banking services, always. What is the debate around it? Sashidhar Jagdishan has experience of over 29 years and he played a vital role in supporting the growth of the HDFC bank. 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. 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. Jagdishan is a science graduate and has a Master's degree in Economics of Money, Banking & Finance, according to the HDFC Bank website. Sashi comes with a very diverse experience having handled multiple functions in the bank and hence we believe he is the appropriate choice. Your Reason has been Reported to the admin. WebHDFC Bank Parivartan's ECS Scholarship in School Programme (Merit-cum-Need Based) 2022-23. Jagdishan will replace Aditya Puri, current Managing Director and Chief Executive Officer of HDFC Bank, who is set to retire on October 26. WebSashidhar Jagdishan. 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. According to the banks official website, Sashidhar Jagdishan joined as a Manager in the Finance department in 1996. He didnt have any tattoo painted on his body. Our aim was to keep you engaged and give you a #BreakFromBoredom so that you could stay home, stay safe and be creative. 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? The lender has reportedly received the approval from the central bank last night. With over 29 years of experience, Jagdishan served as the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate HDFC Bank had in April this year recommended Shashidhar Jagdishan, Kaizad Bharucha and Sunil Gargs names for post. Reproduction of news articles, photos, videos or any other content in whole or in part in any form He is largely credited for turning it into one of Indias most valuable private banks. The Reserve Bank A lot depends on Chinas recovery, Choose your reason below and click on the Report button. 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. Eligibility. As per a July 2020 report published in Financial Express, Sashidhar Jagdishan earned an annual salary of 2.91 crore in FY 2019-20. "Jagdishan has the necessary skills. 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. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. You could make payments using just the mobile number of a beneficiary. 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. 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 currently serving as Additional Director and Head of Finance and HR at India's largest private sector bank in terms of market capitalisation. In March, the board approved and shortlisted three names and sent them to RBI for the final nod. Download The Economic Times News App to get Daily Market Updates & Live Business News. Days Trial. Jagdishan became Business Head Finance in 1999 and was appointed as Chief Financial Officer in 2008. HDFC Bank's board has given Egon Zehnder a set of attributes to look for in Puri's potential successors. Loans On Credit Card EMI Calculator. Cash pickup, cash drop and cheque pickup services can be requested from the comfort of home. 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. Recurring Deposit Calculator. 2499 1749, Monthly Sashidhar Jagdishan joined the HDFC bank in 1996, after the completion of his masters degree. The Reserve Bank of India (RBI) has approved the name ofSashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank, sources said. Your email address will not be published. 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. 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+. HDFC CEO (Shashidhar Jagadeesan) , . Also Read: Adar Poonawalla Wiki, Age, Girlfriend, Wife, Family, Biography & More. Get live Share Market updates and latest India News and business news on Financial Express. 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 For security reasons, we have logged you out of HDFC Bank NetBanking. JLP offers the best standardized test-prep and customized K-12 tutoring throughout Miami-Dade and Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. There is no information available about his wife and children. Tripura Election Result 2023 Live Updates: BJP again or can Congress-Left spring a surprise? The main successors, irrespective of where the RBI finger points, have been with me, they understand the business, they have been part of the transformation, they were part of the trainingthere is no issue on who is the successor, he had said. Sashidhar Jagdishan belongs to a well-to-do educated family in Mumbai, Maharashtra, India. WebKnown Addresses for Bar Education, Inc. 1900 W Commercial Blvd Fort Lauderdale, FL 33309 6350 N Andrews Ave Fort Lauderdale, FL 33309 16120 US Highway 19 N Mukesh Ambani to foray into genome testing with Rs 12,000 kit. Jagdishan has worked closely with Puri since he joined the bank in the 1996. WebHDFC Bank Research - Reports; Protect Life And Grow Wealth. 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. Get live Share Market updates and latest India News and business news on Financial Express. 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. Debit Cards Calculator. Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. Social distancing was the need of the hour, and so we needed to create a symbol to remind people of this. Experience Your Economic Times Newspaper, The Digital Way! 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. 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. Seattle bans caste discrimination: What does the law entail? WebCar Loan EMI Calculator. 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? Locality Bank. It had reported a robust 19.6 per cent growth in its net profit for the first quarter of the fiscal. 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 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. They even appraised our Global Stand Alone Credit Profile at BBB+ which is 2 notches higher than Indias Sovereign Rating. In an uncertain environment like this, we believe an internal candidate who is in sync with the outgoing CEO Puri is the right choice. 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. 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, 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. After a 25-year-long illustrious career, Aditya Puri, 69, will retire but he is ready for the second innings. 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? 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. Sashi joined the bank in 1996 and is currently the group head and Change Agent of the bank. 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. What does the law entail played a vital role in supporting the growth of the hour, and so needed! 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