MUMBAI: Sashidhar Jagdishan, chief financial officer of HDFC Bank, is tipped to be elevated as executive director after deputy managing director Paresh Seattle bans caste discrimination: What does the law entail? 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. Recently, RBI has removed the ban on issuing new credit cards for a long time on HDFC Bank. "Jagdishan has the necessary skills. The 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. WebSashidhar Jagdishan has been with HDFC Bank for 24 years now. WebHDFC Bank Parivartan's ECS Scholarship in School Programme (Merit-cum-Need Based) 2022-23. 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. After a 25-year-long illustrious career, Aditya Puri, 69, will retire but he is ready for the second innings. HDFC Banks Aditya Puri was the highest-paid executive in FY20 at 180.49 crore. WebSashi Jagdishan is Managing Director/CEO at Hdfc Bank Ltd. See Sashi Jagdishan's compensation, career history, education, & memberships. 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. 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. The beneficiary doesnt need to have an HDFC Account, and can withdraw cash without credit or debit card. Also, in our marketing with investors across the globe, Sashi was their preferred choice. Experienced in leading large teams to deliver mandated results with in the timelines by managing proper Quality . He didnt have any tattoo painted on his body. Download Financial Express App for latest business news. 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. He has an average body build up with an average physique. Kaizad Barucha, who has the highest board experience, was the senior-most candidate in the fray. Gold Loan EMI Calculator. Counting begins, Meghalaya Election Result 2023 Live Updates: Will Conrad Sangma prove exit polls wrong? SIP Calculator. Dont miss out on ET Prime stories! A lot depends on Chinas recovery, Choose your reason below and click on the Report button. Download Financial Express App for latest business news. Tripura Election Result 2023 Live Updates: BJP again or can Congress-Left spring a surprise? 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. It is now for RBI to decide, he said. "Sashidhar is humane; he is motivational; he is a very thorough executor," he added. 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. For security reasons, we have logged you out of HDFC Bank NetBanking. He follows the Hindu religion and holds an Indian nationality. Secure Children's Future; Deposits; National Pension System; Gold Monetisation Scheme; BORROW Loans, EMI. PLAN. "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. Car Loan BT Top-Up Calculator. With the lockdown in full effect, we were at home every day, leaving us all more stressed and bored than ever. Also read:What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? October 27, 2020, under Section 35B of the Banking Regulation Act 1949," HDFC said in a statement on Tuesday. According to the plan, the bank will open 1,500 to 2,000 branches every year. 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. 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. WebHowever, for this one will have to wait till the merger of HDFC Bank and HDFC. Country of residence : Unknown. 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. They even appraised our Global Stand Alone Credit Profile at BBB+ which is 2 notches higher than Indias Sovereign Rating. Reproduction of news articles, photos, videos or any other content in whole or in part in any form 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. Download The Economic Times News App to get Daily Market Updates & Live Business News. WebHDFC bank is a branch of HDFC. Your email address will not be published. Edited By jyoti choudhary, Updated: 25 Jul, 2021 05:36 PM. Get your daily dose of business updates on WhatsApp. 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. Jagdishan will be taking over at a time of increased economic uncertainty amidst the Covid-19 led crisis. 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. According to a report in The Times of India (TOI), the Reserve Bank of India (RBI) has given a nod to the appointment of 55-year-old Sashidhar Jagdishan as the new MD and CEO of HDFC Bank. Biography of Sashidhar Jagdishan. Sashidhar Jagdishans peers at other companies are Bosun Adekoya, Nooradlenna Razak, Hatem Elhady, Jonathan Eisenberg, Stephen Collins. The soon to-be-head of HDFC Bank was appointed as Chief Financial Officer in the year 2008. Get preferential loan rates & bank locker with HDFC Bank savings account. Sashidhar Jagdishan is a 55-year-old man with a decent personality. Fixed Deposit Calculator. Also read: Who will be Aditya Puri's successor? Get live Share Market updates and latest India News and business news on Financial Express. 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 Puri too was a Charted Accountant by profession who studied commerce from Panjab University. Weve done our very best to make these tough times a little easier for you. 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. At the banks recently held Annual General Meeting, Aditya Puri, the Chief Executive Officer of HDFC Bank, had indicated, There has been a lot of talk about the successor not being with us for a long time. "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. 2-Year 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. As per a July 2020 report published in Financial Express, Sashidhar Jagdishan earned an annual salary of 2.91 crore in FY 2019-20. 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 15 To revisit this article, visit My Profile, then View saved stories. 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. We are doing our best so that you can stay home and stay safe, and to do so, we had to bring the things you needed to your doorstep. 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 Locality Bank. Days Trial 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. In October 2020, the longest-serving CEO of a private bank in India, will step down from his position and pave way for someone new to take charge of the responsibilities. 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This ensures continuity and stability. Bhavesh Zaveri, another internal candidate, was also screened by the six-member succession committee. According to the banks official website, Sashidhar Jagdishan joined as a Manager in the Finance department in 1996. 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. Between 2008 and 2019, he served as the Chief Financial Officer of the organisation. 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. My successor was always there, at least in my mind. Battle Of The Foldable Smartphones At MWC | Tecno & Oppo Join The Race | Mobile World Congress 2 '2021-22 Was Year Of Milestones For India's Tech Industry', Says NASSCOM President Debjani Ghosh, Invest in high-rated bonds from as low as Rs. Often refered to as Sashi, he joined the Bank in the year 1996 as a Manager in the Copyright e-Eighteen.com Ltd. All rights reserved. Sashidhar Jagdishans marital status is married. Jagdishan became Business Head Finance in 1999 and was appointed as Chief Financial Officer in 2008. Two of Indias leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. 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 It is also one of the largest banks with regards to UPI transactions All rights reserved. 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+. 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. Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. 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. 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. Mukesh Ambani to foray into genome testing with Rs 12,000 kit. 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 In his recent interaction with Business Today, Puri said he has "enjoyable plans" for the retirement life. "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. The best is yet to come for HDFC Bank," Puri told CNBC-TV18. 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