WebSashi Jagdishan is Managing Director/CEO at Hdfc Bank Ltd. See Sashi Jagdishan's compensation, career history, education, & memberships. {{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. 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 Days Trial. Their first office was founded in Maharashtra, India. He is 5 feet and 9 inches tall and his body weight is around 70 Kg. 2-Year 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? "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. "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. Cash pickup, cash drop and cheque pickup services can be requested from the comfort of home. The students must be currently studying in Classes 1 to 12 in a private, government, or government-aided school. By 2019, there were over 5000 branches in 2000 cities. The lender has reportedly received the approval from the central bank last night. He follows the Hindu religion and holds an Indian nationality. For security reasons, we have logged you out of HDFC Bank NetBanking. 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. A lot depends on Chinas recovery, Choose your reason below and click on the Report button. Sashidhar Jagdishan has experience of over 29 years and he played a vital role in supporting the growth of the HDFC bank. HDFC Banks Aditya Puri was the highest-paid executive in FY20 at 180.49 crore. HDFC 2020-21 . 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. 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. Besides, Sunil Garg from Citibank was also in the fray. He also holds the distinction of being the longest-running CEO of any bank in India. 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. Mukesh Ambani to foray into genome testing with Rs 12,000 kit. Copyright e-Eighteen.com Ltd. All rights reserved. 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. Last year, HDFC Bank had constituted a six-member search committee to replace Puri. All rights reserved. SIP Calculator. He has black color hair and also has sparkling black color eyes. 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 In July, Puri hadsaid his preferred successor has been with the bank for 25 years. 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. Puri too was a Charted Accountant by profession who studied commerce from Panjab University. "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. Deadline 15-Mar-2023. 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. Required fields are marked *. This will alert our moderators to take action. Sashidhar Jagdishan is a 55-year-old man with a decent personality. It is now for the Reserve Bank of India to decide, he had said. 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. WebCar Loan EMI Calculator. Earlier last month Puri sold shares of HDFC Bank worth Rs 843 crore. 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. 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. 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. Often refered to as Sashi, he joined the Bank in the year 1996 as a Manager in the Last month, at the banks annual general meeting, Puri, who retires on October 26, had said that the banks new MD would likely be an internal candidate with a long career at the lender. Sanzone said his group completed a $29.15 million private capital raise for Evermore Bank. WebHDFC Bank Parivartan's ECS Scholarship in School Programme (Merit-cum-Need Based) 2022-23. Debit Cards Calculator. Reproduction of news articles, photos, videos or any other content in whole or in part in any form Unlock your 30 days free access to ETPrime now. "I will play my favourite game, golf. 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. 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 Eligibility. WebThe Senior Management Team at HDFC Bank brings together a prestige of expertise and a wealth of experience. He didnt have any tattoo painted on his body. 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! 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. 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. Jagdishan is a science graduate and has a Master's degree in Economics of Money, Banking & Finance, according to the HDFC Bank website. Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. 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. Sashidhar Jagdishans marital status is married. 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. He also leads the finance function and played an important role in aligning the organization in achieving the strategic objectives over the years. Market Research. 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? HDFC Bank launches second edition: . He has an average body build up with an average physique. Invest as low as 10,000 and earn better returns than FD, Find safe & high-yielding bonds for your buck. 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. It had however, noted that the continued slowdown in economic activity has led to a decrease in retail loan origination, sale of third party products, use of credit and debit cards by customers, efficiency in collection efforts and waivers of certain fees. Car Loan BT Top-Up Calculator. Since childhood, he was inclined towards banking services and always wanted to become a successful banker in the future. A-A+; # Shashidhar Jagadeesan # Salary # ICICI Bank; Related Story . Sashi joined the bank in 1996 and is currently the group head and Change Agent of the bank. 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. Puri's successor Jagdishan was among the top two internal candidates for the top job at HDFC Bank. Edited By jyoti choudhary, Updated: 25 Jul, 2021 05:36 PM. 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. Also, in our marketing with investors across the globe, Sashi was their preferred choice. or medium without express writtern permission of moneycontrol.com is prohibited. Fixed Deposit Calculator. To revisit this article, visit My Profile, then View saved stories. 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. Driven by an experienced board and visionary managing director, It is also one of the largest banks with regards to UPI transactions In an uncertain environment like this, we believe an internal candidate who is in sync with the outgoing CEO Puri is the right choice. 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. It was established in 1994. 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. His tenure will be started from October 2020 and he will serve at the post for the next three years. We do this when you refresh/move back on the browser on any NetBanking page. CNBC-TV18 is awaiting HDFC Banks response to this story. 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. CNBCTV18 EXCLUSIVE: RBI approves Sashidhar Jagdishan's name for CEO of HDFC Bank. 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? Here we take a look at five frontline contenders. 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. With the current situation of a pandemic of global proportions, staying healthy is at the forefront of everyones minds. 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 After a 25-year-long illustrious career, Aditya Puri, 69, will retire but he is ready for the second innings. He was appointed as Chief Financial Officer in 2008, and was replaced bySrinivasan Vaidyanathan in 2019. Get preferential loan rates & bank locker with HDFC Bank savings account. 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. 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. It had reported a robust 19.6 per cent growth in its net profit for the first quarter of the fiscal. Jan 24, 2023, 16:40 ET. Secure Children's Future; Deposits; National Pension System; Gold Monetisation Scheme; BORROW Loans, EMI. 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. WebSashidhar Jagdishan has been with HDFC Bank for 24 years now. 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. Also read:What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? Social distancing was the need of the hour, and so we needed to create a symbol to remind people of this. 2499 1749, Monthly Two of Indias leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. We partnered with A.R. 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