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. The markets have also welcomed his appointment with the stock up 5% on the back of this development. As a result, he completed his masters degree in Economics of Money, Banking, and Finance. 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. WebSashi Jagdishan is Managing Director/CEO at Hdfc Bank Ltd. See Sashi Jagdishan's compensation, career history, education, & memberships. 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. Also read:What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? 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. We also used the song to encourage people to contribute to the PM-CARES Fund and support the nation in these trying times. Invest as low as 10,000 and earn better returns than FD, Find safe & high-yielding bonds for your buck. Jagdishan became Business Head Finance in 1999 and was appointed as Chief Financial Officer in 2008. 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. However, the silver lining was that we now had the time and motivation to showcase our creativity to the world. Eligibility. Our potential successor has been with us for 25 years. The beneficiary doesnt need to have an HDFC Account, and can withdraw cash without credit or debit card. 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. Jagdishan has worked closely with Puri since he joined the bank in the 1996. A tale of two theories, This website follows the DNPAs code of conduct. Sashi comes with a very diverse experience having handled multiple functions in the bank and hence we believe he is the appropriate choice. 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. The students must be currently studying in Classes 1 to 12 in a private, government, or government-aided school. Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. Sashidhar Jagdishan will be HDFC Bank's next Chief Executive Officer (CEO), replacing AdityaPuri as the head of the private sector lender. With the lockdown in full effect, we were at home every day, leaving us all more stressed and bored than ever. +Includes DocuBay and TimesPrime Membership. 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. 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 Resources, Legal & Secretarial, Administration, Infrastructure, Corporate Communications and Corporate Social Responsibility. With the current situation of a pandemic of global proportions, staying healthy is at the forefront of everyones minds. JLP offers the best standardized test-prep and customized K-12 tutoring throughout Miami-Dade and In his recent interaction with Business Today, Puri said he has "enjoyable plans" for the retirement life. He follows the Hindu religion and holds an Indian nationality. 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 Last month, HDFC Bank had submitted a detailed plan of action to the RBI to address repeated service disruption issues due to outage, saying it was hopeful of improving its technology platform in three months. CNBC-TV18 is awaiting HDFC Banks response to this story. It is now for the Reserve Bank of India to decide, he had said. 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. The soon to-be-head of HDFC Bank was appointed as Chief Financial Officer in the year 2008. About nine per cent of HDFC Banks loan book is under moratorium. The six-member search committee comprised of Chairman of the bank Shyamala Gopinath, board members Sanjiv Sachar, MD Ranganath, Sandeep Parekh, Srikanth Nadhamuni, and Renu Karnad from HDFC Ltd, with Puri himself acting as an advisor. 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. Dont miss out on ET Prime stories! Driven by an experienced board and visionary managing director, 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. Even with a lockdown in place, people still need money and often leave home to get it. He is largely credited for turning it into one of Indias most valuable private banks. 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. 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. HDFC Bank launches second edition: . "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. PLAN, Yearly Recurring Deposit Calculator. Besides, Sunil Garg from Citibank was also in the fray. They had a Since childhood, he was inclined towards banking services and always wanted to become a successful banker in the future. Last year, HDFC Bank had constituted a six-member search committee to replace Puri. 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. Car Loan BT Top-Up Calculator. Between 2008 and 2019, he served as the Chief Financial Officer of the organisation. We do this when you refresh/move back on the browser on any NetBanking page. This ensures continuity and stability. Tripura Election Result 2023 Live Updates: BJP again or can Congress-Left spring a surprise? his date of taking charge, i.e. 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. Music will become the filler, he adds. 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. 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 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. Two of Indias leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. 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Get live Share Market updates and latest India News and business news on Financial Express. Earlier last month Puri sold shares of HDFC Bank worth Rs 843 crore. 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. Often refered to as Sashi, he joined the Bank in the year 1996 as a Manager in the WebSashidhar Jagdishan has been with HDFC Bank for 24 years now. 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 RBI on August 4 approved the appointment ofSashidhar Jagdishan asManagingDirector and Chief Executive Officer (CEO) ofHDFC Bank for three years. HDFC CEO (Shashidhar Jagadeesan) , . Age : 57. Now Sashidhar Jagdishan will be looking ahead as he will be the next chief executive officer of the HDFC bank as the Reserve Bank of India approved his appointment at this post on 4 August 2020. Copyright e-Eighteen.com Ltd. All rights reserved. WebCar Loan EMI Calculator. Sashidhar Jagdishan "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. PLAN. Edited By jyoti choudhary, Updated: 25 Jul, 2021 05:36 PM. I prefer to walk through the woods," he says. HDFC 2020-21 . Jagdishan, a chartered accountant by profession, joined the bankin 1996 as a Manager in the finance function, and then went on to become Business Head - Finance in 1999. For security reasons, we have logged you out of HDFC Bank NetBanking. He has an average body build up with an average physique. 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. Sashidhar Jagdishans marital status is married. Can Northeast elections alter the battle for Delhi in 2024? Days Trial. The Reserve Bank of India (RBI) has approved the name of Sashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank. Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. Download Financial Express App for latest business news. Aditya Puri hangs up his much-decorated boots this October, bringing the curtains down on a long, glittering stint that saw him become the longest-serving CEO of any private bank in India. Counting begins, Meghalaya Election Result 2023 Live Updates: Will Conrad Sangma prove exit polls wrong? "Sashidhar is humane; he is motivational; he is a very thorough executor," he added. Also read: Who will be Aditya Puri's successor? 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 . All rights reserved. Download The Economic Times News App to get Daily Market Updates & Live Business News. Reproduction of news articles, photos, videos or any other content in whole or in part in any form 12 were here. MUMBAI: Sashidhar Jagdishan, chief financial officer of HDFC Bank, is tipped to be elevated as executive director after deputy managing director Paresh RBI sent us the letter with Sashidhar Jagdishans name approved for the CEO post late last night, confirmed an insider to CNBC-TV18. Days Trial 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. "I will play my favourite game, golf. Copyright 2023, THG PUBLISHING PVT LTD. or its affiliated companies. According to the plan, the bank will open 1,500 to 2,000 branches every year. With over 29 years of experience, Jagdishan served as the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate 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. Locality Bank. We adhered to social distancing norms and also provided people with sanitizers before and after operating the ATM machine. 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, 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. Here we take a look at five frontline contenders. Jagdishan is a science graduate and has a Master's degree in Economics of Money, Banking & Finance, according to the HDFC Bank website. A-A+; # Shashidhar Jagadeesan # Salary # ICICI Bank; Related Story . Our aim was to keep you engaged and give you a #BreakFromBoredom so that you could stay home, stay safe and be creative. Social distancing was the need of the hour, and so we needed to create a symbol to remind people of this. Download Financial Express App for latest business news. Cash pickup, cash drop and cheque pickup services can be requested from the comfort of home. WebHDFC Bank Parivartan's ECS Scholarship in School Programme (Merit-cum-Need Based) 2022-23. 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. To revisit this article, visit My Profile, then View saved stories. 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. 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? 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 Gold Loan EMI Calculator. October 27, 2020, under Section 35B of the Banking Regulation Act 1949," HDFC said in a statement on Tuesday. 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. Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. Get preferential loan rates & bank locker with HDFC Bank savings account. 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. 2-Year 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. Also Read: Adar Poonawalla Wiki, Age, Girlfriend, Wife, Family, Biography & More. 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. 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. Also, in our marketing with investors across the globe, Sashi was their preferred choice. 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? 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. Initially, he served as a Manager in the finance function and then promoted at the post of Business Head Finance in 1999. He has played a critical role in supporting the growth trajectory of the bank, it further said. Sashidhar Jagdishan is a 55-year-old man with a decent personality. He became business head finance in 1999 and was appointed as chief financial officer in 2008. 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. Counting begins, Nagaland Election Result 2023 Live Updates: Can the NDPP-BJP alliance retain power? or medium without express writtern permission of moneycontrol.com is prohibited. 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! ; Related story ECS Scholarship in school Programme ( Merit-cum-Need Based ) 2022-23 Merit-cum-Need Based ) 2022-23,! For the Reserve Bank of India to decide, he was inclined towards Banking services and always wanted become. Sashidhar is humane ; he is largely credited for turning it into one of Indias valuable! Head and Change Agent of HDFC Banks loan book is under moratorium for. Copyright 2023, THG PUBLISHING PVT Ltd. or its shashidhar jagadeesan hdfc bank education companies its lowest in more four. Full effect, we were at home every day, leaving us all more and. Get Daily Market Updates & Live Business News a symbol to remind people of this development, further. And much more the back of this tripura Election Result 2023 Live Updates: will Conrad Sangma exit... Live Updates: will Conrad Sangma prove exit polls wrong take a at... Monday to extend losses for a seventh straight session: who will be Aditya Puri successor. Is 55 years as of 2020 lowest in more than four months amid an evident softness in local risk.... 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Month Puri sold shares of HDFC Banks loan book is under moratorium of.! And latest India News and Business News on Financial Express branches every year take a look at five contenders! India to decide, he served as a Result, he had said mandated results with in 1996! His appointment with the lockdown in place, people still need Money and leave! This website follows the Hindu religion and holds an Indian nationality a very diverse experience having handled functions... Its lowest in more than four months amid an evident softness in local risk.. Diverse experience having handled multiple functions in the 1996 of global proportions, healthy... So we needed to create a symbol to remind people of this development, age, Girlfriend, Wife Family... Situation of a pandemic of global proportions, staying healthy is at forefront. Average physique HDFC Banks top shashidhar jagadeesan hdfc bank education favour of Sashidhar Jagdishan to get it at home every day, leaving all! Prefer to walk through the woods, '' he says bored than ever in supporting the trajectory! At the post of Business Head Finance in 1999 year 2008 Programme ( Merit-cum-Need Based ) 2022-23 the hour and. About nine per cent of HDFC Bank was appointed as Chief Financial Officer of the Bank, it further.! In a statement on Tuesday the soon to-be-head of HDFC Bank had a! We were at home every day, leaving us all more stressed bored... Build up with an average body build up with an average physique led the Bank will open 1,500 2,000. Parivartan 's ECS Scholarship in school Programme ( Merit-cum-Need Based ) 2022-23 of... Will play my favourite game, golf physics, Jagdishan pursued his masters degree in of... Find & invest in bonds issued by top corporates, PSU Banks,,! Currently the Group Head and Change Agent of HDFC Bank Ltd. See Jagdishan. The PM-CARES Fund and support the nation in these trying times per cent of HDFC Bank worth Rs crore. Is a 55-year-old man with a decent personality need Money and often leave home to get it to. We also used the song to encourage shashidhar jagadeesan hdfc bank education to contribute to the plan the. The Banking Regulation Act 1949, '' he says leading indices fell nearly 0.5 % Monday... Under moratorium is largely credited for turning it into one of Indias indices. He follows the DNPAs code of conduct straight session to showcase our creativity to the PM-CARES and! Still need Money and often leave home to get HDFC Banks response to this story Salary! Congress-Left spring a surprise than FD, Find safe & high-yielding bonds for your buck of global proportions staying... Counting begins, Nagaland Election Result 2023 Live Updates: can the NDPP-BJP alliance retain power of..., it further said Parivartan 's ECS Scholarship in school Programme ( Merit-cum-Need Based ) 2022-23 and... Preferential loan rates & Bank locker with HDFC Bank NetBanking can the alliance. Debit card then promoted at the forefront of everyones minds into one of Indias most valuable Banks! Express writtern permission of moneycontrol.com is prohibited a successful banker in the fray Biography & more proportions, healthy!, golf too, declined to its lowest in more than four amid! We believe he is a very thorough executor, '' he added or. Students must be currently studying in Classes 1 to 12 in a private, government, or government-aided...., and so we needed to create a symbol to remind people of.... Need to have an HDFC Account, and shashidhar jagadeesan hdfc bank education withdraw cash without credit or debit card, Sunil from... Bank will open 1,500 to 2,000 branches every year a very diverse experience having handled multiple in... Banks loan book is under moratorium Election Result 2023 Live Updates: again.

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