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. Seattle bans caste discrimination: What does the law entail? 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. The action plan will take 10-12 weeks for implementation, and further timeframe will depend on the RBI's inspection. According to the banks official website, Sashidhar Jagdishan joined as a Manager in the Finance department in 1996. 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. For reprint rights: Adani Enterprises stock up 31% in 2 days. SIP Calculator. In March, the board approved and shortlisted three names and sent them to RBI for the final nod. 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. 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. 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. 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 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. Also read:HDFC Bank share price gains nearly 6% on approval of new CEO. 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. 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. The Reserve Bank of India (RBI) has approved the name ofSashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank, sources said. Sashidhar Jagdishans marital status is married. Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. 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. 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. What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? Trekking is my other passion. Sashi, as Sashidhar Jagdishan is popularly called, has emerged as the clear front-runner, with Puri dropping several hints about his role in bringing about the digital transformation in the bank to give it an edge above its peers. HDFC Bank's board has given Egon Zehnder a set of attributes to look for in Puri's potential successors. Our doorstep banking ensures a safe and convenient banking experience right at your doorstep. It was established in 1994. However, the silver lining was that we now had the time and motivation to showcase our creativity to the world. HDFC CEO (Shashidhar Jagadeesan) , . 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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. Sashidhar Jagdishan is a 55-year-old man with a decent personality. 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. Jagdishan will replace Aditya Puri, current Managing Director and Chief Executive Officer of HDFC Bank, who is set to retire on October 26. Between 2008 and 2019, he served as the Chief Financial Officer of the organisation. Edited By jyoti choudhary, Updated: 25 Jul, 2021 05:36 PM. Their first office was founded in Maharashtra, India. 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. Recurring Deposit Calculator. Counting begins, India can be innovation hub to address global challenges: Bill Gates. Your email address will not be published. Sashi joined the bank in 1996 and is currently the group head and Change Agent of the bank. Sashi comes with a very diverse experience having handled multiple functions in the bank and hence we believe he is the appropriate choice. Experienced in leading large teams to deliver mandated results with in the timelines by managing proper Quality . 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. {{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. Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. Reproduction of news articles, photos, videos or any other content in whole or in part in any form 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. "Jagdishan has the necessary skills. October 27, 2020, under Section 35B of the Banking Regulation Act 1949," HDFC said in a statement on Tuesday. Country of residence : Unknown. 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. Eligibility. Gold Loan EMI Calculator. In July, Puri hadsaid his preferred successor has been with the bank for 25 years. PLAN. He is a chartered accountant by profession and holds a Masters degree in Economics of Money, Banking & Finance from The University of Sheffield in the UK. Music will become the filler, he adds. He also leads the finance function and played an important role in aligning the organization in achieving the strategic objectives over the years. Save my name, email, and website in this browser for the next time I comment. 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. 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. 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. Market Research. At HDFC Bank, Jagdishan currently holds the position ofAdditional Director and Head of Finance, HR. We adhered to social distancing norms and also provided people with sanitizers before and after operating the ATM machine. Insiders say Aditya Puri did little to hide his preference for SashidharJagdishan as his successor, and had been rallying behind him. Kaizad Barucha, who has the highest board experience, was the senior-most candidate in the fray. 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. Get your daily dose of business updates on WhatsApp. HDFC Bank share price gains nearly 6% on approval of new CEO. 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. Mukesh Ambani to foray into genome testing with Rs 12,000 kit. boAt Lifestyle: why this popular audio makers profit growth rate is declining, Beyond politics: examining the ideological moorings of Gujarat and Kerala models of development, What does 2023 hold for Asia-Pacific economies? 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. A tale of two theories, This website follows the DNPAs code of conduct. 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 Your email address will not be published. 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. For security reasons, we have logged you out of HDFC Bank NetBanking. Bhavesh Zaveri, another internal candidate, was also screened by the six-member succession committee. 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? 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. Comes with a decent personality names and sent them to RBI for the final nod also screened by six-member. 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