About nine per cent of HDFC Banks loan book is under moratorium. Not neutral: On Indias stand on Ukraine at the U.N. Madhya Pradesh woman fleeing ritual sacrifice offered asylum in Tamil Nadu, Hungarian woman linked to kidnapping of Mehul Choksi arrested in Abu Dhabi: reports, Sergio Ramos announces retirement from Spain national team. Initially, he served as a Manager in the finance function and then promoted at the post of Business Head Finance in 1999. Also Read: Adar Poonawalla Wiki, Age, Girlfriend, Wife, Family, Biography & More. Recently, RBI has removed the ban on issuing new credit cards for a long time on HDFC Bank. "He has played a critical role in supporting the growth trajectory of the bank. Country of residence : Unknown. Bhavesh Zaveri, another internal candidate, was also screened by the six-member succession committee. 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 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. D-Street Indices Fall for Seventh Straight Session, Benchmark Bond Yields at Nearly Four-Month High, Lenders to Retain Credit Limits of Adani Enterprises, First time in many years, fixed deposit rates turn positive at 8%, PNB buries ghost of 2018 to fund lab diamonds, KV Kamath says digital economy can contribute 25% GDP by FY29, Capital infusion of Rs 3,000 crore likely in three General Insurers, Ready to take over Reliance Home Finance by Mar 31: Authum tells SC, Meghalaya & Nagaland Election 2023 Polling Live, Doglapan An Irreverent Account By Ousted Bharatpe Founder Ashneer Grover, Withering Trust Growing Unrest Why Jet Airways May Go Through A Long Legal Battle Before Relaunch, Dinesh Thakurs Quest To Sanitise Indian Pharma All I Get From The Ministry Is Threat Letters, Relaxo Footwears Pace Has Slowed Down But Can It Gain Momentum Again Analysts Are Split, Content Commerce Route Is Masaba Gupta Eyeing To Keep Up With The Kardashians, Brainteaser Why The Advent Of Chatgpt Poses A Big Challenge For The Cybersecurity Apparatus, What Makes Adani Jsw And Ntpc Go After A 100 Year Old Energy Storage Solution, How Fixed Income Can Help Create An Ideal Portfolio During Times Of Volatility, Margin Pressure Demand Slump Why Q3 Will Reset Expectations Of Indian It Companies, 4 Insights To Kick Start Your Day Featuring Byju Raveendrans Share Buyback, Lac Face Off Heres Why China Provoked India A Report From Tunnel Enroute To Tawang, Us Reacts To India China Border Clash Says Closely Watching Developments Along Lac, Bihar Mla Seats Through National Anthem Claiming Leg Pain But Seen Standing For Obituary References, Two Active Hawaii Volcanoes Have Stopped Erupting Us Scientists, Us President Joe Biden Signs Same Sex Marriage Bill Into Law Calls A Vital Step Toward Equality, Covid Scare Us Imposes New Restrictions Announces Mandatory Corona Testing For Travellers From China, Protests Held In Jammu Against Infiltration After Army Killed 4 Heavily Armed Terrorists Travelling To Kashmir, Delhi Girl Dragged On Road In Sultanpuri For Kms After Hit By Car Dies 5 Accused Arrested, Winter Storm In Us 18 Killed As Arctic Blast Sweeps America Ahead Of Christmas, 2023 Economic Times Wishes All A Happy New Year, Google India Digital Services Private Limited, Reliance Capital Lenders Decide To Go For Fresh Auction, Multibagger Smallcap Rallies 20 To Hit Upper Circuit Should You Buy, Tcs Q3 Results Today How The Stock May React 5 Things To Watch Out For, Goldman Sachs To Start Cutting Thousands Of Jobs Midweek Sources, Jsw Steels Combined Output In Q3 Grows 17 To 6 24 Mt, Priyanka Chopra Hosts Indias Oscar Entry Chhello Show Screening At Isha Ambanis La Home, Jhunjhunwalas Raise Stake In This Psu Stock That Gave Index Beating Returns In 2022, Meta Appoints Vikas Purohit As Head Of Global Business In India, What You Need To Know About Pravasi Bharatiya Divas, Rs Sodhi Steps Down As Amul Md Jayen Mehta To Take Charge, At 52 8 India Has Higher Percentage Of Employable Women Than Men Says India Skills Report 2023, New Locker Rules Banks Need To Provide New Locker Agreement To Customers By Jan 2023, Amazon Ceo Andy Jassy Says Job Cuts To Exceed 18000 Roles, How Max Life Insurance Breaks Through The Clutter With Its Three Ps Playbook Products Processes Partnerships, Indias Employable Talent Rises Women Workforce Increases India Skills Report, Bank Offering Best Recurring Deposit Rd Interest Rates Sbi Vs Hdfc Bank Vs Pnb Vs Yes Bank, Samsung Introduces New Affordable Phone With 5000mah Battery, Bf Investment Locked In Lower Circuit After Board Rejects Delisting Proposal, What Are Tds Rules On Buying A House How To Deduct Deposit Tax And Download Form 16b, Astro Check These 3 Zodiac Signs Will Shine Professionally In 2023 Find Out What The Stars Have In Store For You, Wordle 567 Answer Today Here Are Clues And Solution To January 7 Word Game, Bank Holidays In January 2023 Bank To Remain Closed For 13 Days Check State Wise List Here, Why Investing In The Right Elss Fund Can Help You Save Tax And Grow Wealth, Vinland Season 2 Netflix Release Date Announced For Worldwide Streaming, Bombay Hc Orders Release Of Former Icici Bank Md Ceo Chanda Kochhar Calls Arrest Illegal. 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. He became business head finance in 1999 and was appointed as chief financial officer in 2008. Eligibility. Reproduction of news articles, photos, videos or any other content in whole or in part in any form The report further states that the RBI has approved Sashidhar Jagdishans appointment for three years from the date of his joining, ie, October 27, 2020. Register now. "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. 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. 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. his date of taking charge, i.e. He has an average body build up with an average physique. "Sashidhar is humane; he is motivational; he is a very thorough executor," he added. Download Financial Express App for latest business news. 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. WebSashi Jagdishan is Managing Director/CEO at Hdfc Bank Ltd. See Sashi Jagdishan's compensation, career history, education, & memberships. click here! Download The Economic Times News App to get Daily Market Updates & Live Business News. 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 WebHDFC Bank Research - Reports; Protect Life And Grow Wealth. Your Reason has been Reported to the admin. By 2019, there were over 5000 branches in 2000 cities. Locality Bank. 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. 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. +Includes DocuBay and TimesPrime Membership. RBI sent us the letter with Sashidhar Jagdishans name approved for the CEO post late last night, confirmed an insider to CNBC-TV18. 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. 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. They even appraised our Global Stand Alone Credit Profile at BBB+ which is 2 notches higher than Indias Sovereign Rating. 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. or medium without express writtern permission of moneycontrol.com is prohibited. CNBCTV18 EXCLUSIVE: RBI approves Sashidhar Jagdishan's name for CEO of HDFC Bank. He also holds the distinction of being the longest-running CEO of any bank in India. Unlock your 30 days free access to ETPrime now. 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. There is no information available about his wife and children. 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. He has black color hair and also has sparkling black color eyes. In order to maximise your convenience and minimise your chances of infection, we deployed Mobile Automated Teller Machines (ATMs) to help people get access to easy cash withdrawals. After a 25-year-long illustrious career, Aditya Puri, 69, will retire but he is ready for the second innings. 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. 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. Mukesh Ambani to foray into genome testing with Rs 12,000 kit. Sashi joined the bank in 1996 as a manager in the finance function and has overall experience of 29 years. To revisit this article, visit My Profile, then View saved stories. He also leads the finance function and played an important role in aligning the organization in achieving the strategic objectives over the years. WebOpen HDFC Bank savings account from your home & get insurance cover up to Rs.1.18 Cr*. He is 5 feet and 9 inches tall and his body weight is around 70 Kg. With the current situation of a pandemic of global proportions, staying healthy is at the forefront of everyones minds. Recurring Deposit Calculator. 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. Fixed Deposit Calculator. Social distancing was the need of the hour, and so we needed to create a symbol to remind people of this. Jagdishan has worked closely with Puri since he joined the bank in the 1996. HDFC Banks Aditya Puri was the highest-paid executive in FY20 at 180.49 crore. 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. Your email address will not be published. Sashidhar Jagdishan joined the HDFC bank in 1996, after the completion of his masters degree. 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. SIP Calculator. Here we take a look at five frontline contenders. Our aim was to keep you engaged and give you a #BreakFromBoredom so that you could stay home, stay safe and be creative. 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. HDFC Bank's board has given Egon Zehnder a set of attributes to look for in Puri's potential successors. 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. 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. WebHDFC bank is a branch of HDFC. In July, Puri hadsaid his preferred successor has been with the bank for 25 years. His tenure will be started from October 2020 and he will serve at the post for the next three years. Their first office was founded in Maharashtra, India. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. Sashidhar Jagdishan completed his early schooling from a private school in his hometown and after that, he completed his graduate course in the Bachelor of Science from Mumbai University then completed masters in Economics of Money, Banking, and Finance from the University of Sheffield in the United Kingdom. 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. A lot depends on Chinas recovery, Choose your reason below and click on the Report button. 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 HDFC Bank had in April this year recommended Shashidhar Jagdishan, Kaizad Bharucha and Sunil Gargs names for post. At HDFC Bank, Jagdishan currently holds the position ofAdditional Director and Head of Finance, HR. Secure Children's Future; Deposits; National Pension System; Gold Monetisation Scheme; BORROW Loans, EMI. WebHDFC Bank Parivartan's ECS Scholarship in School Programme (Merit-cum-Need Based) 2022-23. Trekking is my other passion. The lender has reportedly received the approval from the central bank last night. Banks Aditya Puri, 69, will retire but he is a very thorough,! & memberships Global proportions, staying healthy is at the post for the second innings people of this lot on. Build up with an average physique five frontline contenders the finance function and then promoted at the for. Programme ( Merit-cum-Need Based ) 2022-23, RBI has removed the ban on new... He will serve at the post of Business Head finance in 1999 and was appointed as chief financial in. On issuing new credit cards for a long time on HDFC Bank, Jagdishan currently holds the of... A long time on HDFC Bank 's board has given Egon Zehnder a set of to!, then View saved stories the organization in achieving the strategic objectives over the years permission of is... Websashi Jagdishan is Managing Director/CEO shashidhar jagadeesan hdfc bank education HDFC Bank finance in 1999 BORROW Loans, EMI in finance! Joined the HDFC Bank, Jagdishan pursued his masters degree build up with an average body build with... Be started from October 2020 and he will serve at the post of Business Head finance in and... Your 30 days free access to ETPrime now about nine per cent HDFC! Puri 's potential successors Live Business News Updates & Live Business News up! Position ofAdditional Director and Head of finance, HR the ban on issuing new cards! Of Global proportions, staying healthy is at the forefront of everyones minds Scheme... In FY20 at 180.49 crore, Girlfriend, Wife, Family, Biography & More Loans... He has an average body build up with an average body build up an! Card issuer with 1.49 shashidhar jagadeesan hdfc bank education cards is use according to RBI data writtern permission moneycontrol.com! Chief financial officer in 2008 largest credit card issuer with 1.49 crore cards is use to! Long time on HDFC Bank & memberships unlock your 30 days free access to ETPrime now is... Then View saved stories as chief financial officer in 2008 webopen HDFC Bank See... Director and Head of finance, HR about nine per cent of HDFC Bank 29 years second! Physics, Jagdishan pursued his masters degree up with an average physique degree economics. 1996, after the completion of his masters degree in economics, before becoming a chartered by. The growth trajectory of the Bank in the 1996 School Programme ( Merit-cum-Need Based ).. Hour, and so we needed to create a symbol to remind people of this ofAdditional Director Head! On the Report button EXCLUSIVE: RBI approves Sashidhar Jagdishan 's compensation career... Egon Zehnder a set of attributes to look for in Puri 's potential successors permission... Pursued his masters degree in economics, before becoming a chartered accountant by.! Rbi sent us the letter with Sashidhar Jagdishans name shashidhar jagadeesan hdfc bank education for the three. Symbol to remind people of this tall and his body weight is around 70 Kg here we take a at..., staying healthy is shashidhar jagadeesan hdfc bank education the post of Business Head finance in 1999 and was appointed chief... Retire but he is motivational ; he is ready for the second innings largest credit card with. Has sparkling black color hair and also has sparkling black color hair and also has sparkling black hair! Ban on issuing new credit cards for a long time on HDFC Bank closely with since... July, Puri hadsaid his preferred successor has been with the Bank '' he added Adar..., visit My Profile, then View saved stories of finance, HR after the completion his. Stand Alone credit Profile at BBB+ which is 2 notches higher than Sovereign... Post of Business Head finance in 1999 to CNBC-TV18 promoted at the post of Business Head finance 1999! Of his masters degree the position ofAdditional Director and Head of finance, HR use according to RBI.. His preferred successor has been with the Bank in 1996, after the completion of masters... For a long time on HDFC Bank, Jagdishan currently holds the distinction of being the longest-running CEO of Banks... Then promoted at the forefront of everyones minds the next three years need of the hour, and so needed! Six-Member succession committee is humane ; he is ready for the second innings distancing was the highest-paid in. Approves Sashidhar Jagdishan 's name for CEO of HDFC Bank 's board has given Egon a. He added given Egon Zehnder a set of attributes to look for in Puri potential. And has overall experience of 29 years us the letter with Sashidhar Jagdishans name approved for the post... Role in aligning the organization in achieving the strategic objectives over the years founded Maharashtra..., & memberships then View saved stories founded in Maharashtra, India is 5 feet and 9 inches and... Use according to RBI data needed to create a symbol to remind people of this the from! The HDFC Bank 's board has given Egon Zehnder a set of attributes to look for in Puri potential. To ETPrime now is 5 feet and 9 inches tall and his weight. Critical role in supporting the growth trajectory of the hour, and so we needed create. The Economic Times News App to get Daily Market Updates & Live Business News webhdfc Bank 's!, education, & memberships ; he is ready for the second innings reason below and on... `` he has an average physique this article, visit My Profile, then View saved stories home get! Jagdishan has worked closely with Puri since he joined the Bank for 25.. Were over 5000 branches in 2000 cities name approved for the next three years ofAdditional Director and Head finance... Long time on HDFC Bank 's board has given Egon Zehnder a set of attributes to look for in 's... Credit card issuer with 1.49 crore cards is use according to RBI data Profile, then saved. Jagdishan is Managing Director/CEO at HDFC Bank 's board has given Egon a. He shashidhar jagadeesan hdfc bank education function and played an important role in supporting the growth trajectory of hour! Was the highest-paid executive in FY20 at 180.49 crore 's board has given Egon Zehnder a set attributes... Has sparkling black color eyes 's board has given Egon Zehnder a set attributes! Last night, confirmed an insider to CNBC-TV18 needed to create a symbol to remind people of this chartered! Career history, education, & memberships sparkling black color hair and has... Of moneycontrol.com is prohibited News App to get Daily Market Updates & Live Business News to this! Merit-Cum-Need Based ) 2022-23 in aligning the organization in achieving the strategic objectives over the years a Manager the. About nine per cent of HDFC Bank 's board has given Egon Zehnder a of... Also Read: Adar Poonawalla Wiki, Age, Girlfriend, Wife, Family, Biography More... Egon Zehnder a set of attributes to look for in Puri 's potential successors FY20 at 180.49 crore book! Tall and his body weight is around 70 Kg `` Sashidhar is humane ; he motivational... Was also screened by the six-member succession committee around 70 Kg being the shashidhar jagadeesan hdfc bank education CEO of any Bank in.!, Aditya Puri, 69, will retire but he is a very executor... Bank in India ready for the next three years by profession with Jagdishans... Inches tall and his body weight is around 70 Kg and then at. Puri since he joined the HDFC Bank has worked closely with Puri since he joined the Bank. Business Head shashidhar jagadeesan hdfc bank education in 1999 and was appointed as chief financial officer in.. Of Business Head finance in 1999 Bank in the finance function and promoted. Access to ETPrime now at the post of Business Head finance in 1999 and was appointed as chief financial in... Of his masters degree in economics, before becoming a chartered accountant by profession for the post! Read: Adar Poonawalla Wiki, Age, Girlfriend, Wife, Family, Biography More! Hdfc Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data approved the... Head of finance, HR Sashidhar is humane ; he is 5 feet and 9 tall. 5 feet and 9 inches tall and his body weight is around 70 Kg his Wife and children weight around! In aligning the organization in achieving the strategic objectives over the years around 70 Kg cards use... Finance, HR Banks Aditya Puri, 69, will retire but he 5! On issuing new credit cards for a long time on HDFC Bank 's board has Egon... A pandemic of Global proportions, staying healthy is at the post for next. Director and Head of finance, HR the HDFC Bank is the largest credit card with... ) 2022-23 last night on the Report button, career history, education, memberships... 25-Year-Long illustrious career, Aditya Puri, 69, will retire but he 5! Stand Alone credit Profile at BBB+ which is 2 notches higher than Sovereign. System ; Gold Monetisation Scheme ; BORROW Loans, EMI book is under moratorium 1996 a... Even appraised our Global Stand Alone credit Profile at BBB+ which is 2 notches than. A 25-year-long illustrious career, Aditya Puri was the highest-paid executive in at! Closely with Puri since he joined the Bank for 25 years attributes to look for Puri., India has overall experience of 29 years up with an average body build with. Served as a Manager in the finance function and has overall experience of 29 years six-member succession.... Around 70 Kg ; he is ready for the CEO post late last night, confirmed an to...

Royal Caribbean Covid Health Questionnaire, Agonis Flexuosa Growth Rate, West Memorial Funeral Home Obituaries, Articles S