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. MUMBAI: Sashidhar Jagdishan, chief financial officer of HDFC Bank, is tipped to be elevated as executive director after deputy managing director Paresh Includes DocuBay and TimesPrime Membership. Experienced in leading large teams to deliver mandated results with in the timelines by managing proper Quality . Seattle bans caste discrimination: What does the law entail? Bhavesh Zaveri, another internal candidate, was also screened by the six-member succession committee. 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. HDFC CEO (Shashidhar Jagadeesan) , . We adhered to social distancing norms and also provided people with sanitizers before and after operating the ATM machine. I prefer to walk through the woods," he says. Your email address will not be published. Recurring Deposit Calculator. 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. Sashi joined the bank in 1996 as a manager in the finance function and has overall experience of 29 years. 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. Your email address will not be published. WebHowever, for this one will have to wait till the merger of HDFC Bank and HDFC. Register now. 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 Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. He has an average body build up with an average physique. Sashidhar Jagdishan is a 55-year-old man with a decent personality. The best is yet to come for HDFC Bank," Puri told CNBC-TV18. As a result, he completed his masters degree in Economics of Money, Banking, and Finance. RBI sent us the letter with Sashidhar Jagdishans name approved for the CEO post late last night, confirmed an insider to CNBC-TV18. Save my name, email, and website in this browser for the next time I comment. He is 5 feet and 9 inches tall and his body weight is around 70 Kg. 2-Year PLAN. 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. Also read:What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? 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. In March, the board approved and shortlisted three names and sent them to RBI for the final nod. "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. Earlier last month Puri sold shares of HDFC Bank worth Rs 843 crore. 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. Copyright e-Eighteen.com Ltd. All rights reserved. Always invest lots of time & energy in developing Invest as low as 10,000 and earn better returns than FD, Find safe & high-yielding bonds for your buck. Discover the right bonds meeting your investment amount & investment horizon, Fundamental, Stock Ideas, Multibaggers & Insights, Stock & Index F&O Trading Calls & Market Analysis, Commodity Trading Calls & Market Analysis, Currency Derivatives Trading Calls & Insights, Options Trading Advice and Market Analysis, Model portfolios, Investment Ideas, Guru Screens and Much More, Proprietary system driven Rule Based Trading calls, Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas, Details stock report and investment recommendation, 15-20 High Growth Stocks primed for price jumps. WebHDFC bank is a branch of HDFC. Social distancing was the need of the hour, and so we needed to create a symbol to remind people of this. Biography of Sashidhar Jagdishan. Market Research. 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. "Jagdishan has the necessary skills. 12 were here. 15 The soon to-be-head of HDFC Bank was appointed as Chief Financial Officer in the year 2008. What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? 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. Copyright 2023, THG PUBLISHING PVT LTD. or its affiliated companies. Besides, Sunil Garg from Citibank was also in the fray. 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. Get live Share Market updates and latest India News and business news on Financial Express. There is not much information available about his parents and siblings as he never revealed anything about his personal life in public. 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. 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. Secure Children's Future; Deposits; National Pension System; Gold Monetisation Scheme; BORROW Loans, EMI. In an uncertain environment like this, we believe an internal candidate who is in sync with the outgoing CEO Puri is the right choice. In what is easily the most keenly awaited and closely watched succession story in India Inc today, the bank finally has a name that will bring much relief to investors. 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. 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. Puri's successor Jagdishan was among the top two internal candidates for the top job at HDFC Bank. Experience Your Economic Times Newspaper, The Digital Way! We do this when you refresh/move back on the browser on any NetBanking page. Also read: Who will be Aditya Puri's successor? 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 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. Last year, HDFC Bank had constituted a six-member search committee to replace Puri. 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 is currently serving as Additional Director and Head of Finance and HR at India's largest private sector bank in terms of market capitalisation. His tenure will be started from October 2020 and he will serve at the post for the next three years. 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 +Includes DocuBay and TimesPrime Membership. Even with a lockdown in place, people still need money and often leave home to get it. To read full story, subscribe to ET Prime, Billed annually at 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. Recently, RBI has removed the ban on issuing new credit cards for a long time on HDFC Bank. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Jan 24, 2023, 16:40 ET. 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. This ensures continuity and stability. 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 Reserve Bank Jagdishan is a science graduate and has a Master's degree in Economics of Money, Banking & Finance, according to the HDFC Bank website. PLAN, Yearly Debit Cards Calculator. 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. Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. The lender has reportedly received the approval from the central bank last night. HDFC Bank had in April this year recommended Shashidhar Jagdishan, Kaizad Bharucha and Sunil Gargs names for post. Sashidhar Jagdishan Wiki, Age, Girlfriend, Wife, Family, Biography & More, Sudigali Sudheer Age, Net Worth, Girlfriend, Family and Biography (Updated 2023), Mufti Anas Age, Net Worth, Wife, Family and Biography (Updated 2023), Dalton Gomez Age, Net Worth, Wife, Sister, Family, Height and Biography (Updated 2023), Drone Prathap Age, Net Worth, Girlfriend, Family and Biography. Sashidhar Jagdishan belongs to a well-to-do educated family in Mumbai, Maharashtra, India. About nine per cent of HDFC Banks loan book is under moratorium. Get preferential loan rates & bank locker with HDFC Bank savings account. Counting begins, Nagaland Election Result 2023 Live Updates: Can the NDPP-BJP alliance retain power? In July, Puri hadsaid his preferred successor has been with the bank for 25 years. 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? Two of Indias leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. At HDFC Bank, Jagdishan currently holds the position ofAdditional Director and Head of Finance, HR. There is no information available about his wife and children. 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. Can Northeast elections alter the battle for Delhi in 2024? Required fields are marked *. He also leads the finance function and played an important role in aligning the organization in achieving the strategic objectives over the years. 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+. Sashi joined the bank in 1996 and is currently the group head and Change Agent of the bank. Their first office was founded in Maharashtra, India. JLP offers the best standardized test-prep and customized K-12 tutoring throughout Miami-Dade and However, the silver lining was that we now had the time and motivation to showcase our creativity to the world. Trekking is my other passion. Jagdishan became Business Head Finance in 1999 and was appointed as Chief Financial Officer in 2008. For reprint rights: Adani Enterprises stock up 31% in 2 days. A tale of two theories, This website follows the DNPAs code of conduct. 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. To revisit this article, visit My Profile, then View saved stories. 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. 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. My successor was always in place, at least in my mind. Sashidhar Jagdishan has experience of over 29 years and he played a vital role in supporting the growth of the HDFC bank. He has black color hair and also has sparkling black color eyes. WebCar Loan EMI Calculator. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. HDFC Bank share price gains nearly 6% on approval of new CEO. 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. We partnered with A.R. CNBCTV18 EXCLUSIVE: RBI approves Sashidhar Jagdishan's name for CEO of HDFC Bank. 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 has played a critical role in supporting the growth trajectory of the bank, it further said. Also read:HDFC Bank share price gains nearly 6% on approval of new CEO. Mukesh Ambani to foray into genome testing with Rs 12,000 kit. 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