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 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. Sandeep Bakhshi, MD and CEO of ICICI Bank is Indias 2nd highest paid banker and this is his salary, 7 highest-paid CEOs in the world: This is why their net worth amounts in crores, The 5 richest Indian women of 2020, their net worth and how they make their crores, The 15 wealthiest Indians who have a massive net worth, Elon Musk loses a massive personal fortune worth Rs 16 lakh 27 thousand Cr. Also read: Who will be Aditya Puri's successor? He became business head finance in 1999 and was appointed as chief financial officer in 2008. Your email address will not be published. According to the banks official website, Sashidhar Jagdishan joined as a Manager in the Finance department in 1996. Age : 57. PLAN, Yearly HDFC Bank share price gains nearly 6% on approval of new CEO. 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. Edited By jyoti choudhary, Updated: 25 Jul, 2021 05:36 PM. 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. Sashi, as Sashidhar Jagdishan is popularly called, has emerged as the clear front-runner, with Puri dropping several hints about his role in bringing about the digital transformation in the bank to give it an edge above its peers. Counting begins, Meghalaya Election Result 2023 Live Updates: Will Conrad Sangma prove exit polls wrong? 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 Last year, HDFC Bank had constituted a six-member search committee to replace Puri. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. 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? WebHDFC bank is a branch of HDFC. Air India to recruit 900 pilots, 4,200 cabin crew trainees this year, Know how to integrate ChatGPT with WhatsApp, Stocks that will see action on February 24, 2022, IOC plays cupid and matchmaker at workplace, Indiabulls Housing Finances board and management working on simplification of companys structure: Gagan Banga. Driven by an experienced board and visionary managing director, WebOpen HDFC Bank savings account from your home & get insurance cover up to Rs.1.18 Cr*. To read full story, subscribe to ET Prime, Billed annually at With over 29 years of experience, Jagdishan served as the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate 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. 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. The Reserve Bank of India (RBI) has approved the name ofSashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank, sources said. Get live Share Market updates and latest India News and business news on Financial Express. Register now. 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. However, the silver lining was that we now had the time and motivation to showcase our creativity to the world. 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. Puri's successor Jagdishan was among the top two internal candidates for the top job at HDFC Bank. "I will play my favourite game, golf. Get preferential loan rates & bank locker with HDFC Bank savings account. 2499 1749, Monthly WebThe Senior Management Team at HDFC Bank brings together a prestige of expertise and a wealth of experience. 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. What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? 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. 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. We also used the song to encourage people to contribute to the PM-CARES Fund and support the nation in these trying times. Dont miss out on ET Prime stories! WebSashidhar Jagdishan. Copyright 2023, THG PUBLISHING PVT LTD. or its affiliated companies. Sashidhar Jagdishan is a 55-year-old man with a decent personality. Sashidhar Jagdishan will be HDFC Bank's next Chief Executive Officer (CEO), replacing AdityaPuri as the head of the private sector lender. Required fields are marked *. It is also one of the largest banks with regards to UPI transactions For security reasons, we have logged you out of HDFC Bank NetBanking. Reproduction of news articles, photos, videos or any other content in whole or in part in any form Bhavesh Zaveri, another internal candidate, was also screened by the six-member succession committee. FORT LAUDERDALE, Fla., Jan. 24, 2023 /PRNewswire/ -- Locality Bank, the first community bank to open in South Florida in more The beneficiary doesnt need to have an HDFC Account, and can withdraw cash without credit or debit card. Music will become the filler, he adds. He follows the Hindu religion and holds an Indian nationality. 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? Days Trial 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. 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. 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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. 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. It is now for RBI to decide, he said. The outgoing Aditya Puri nurtured the private sector bank from the rudimentary stage as he aimed to create a world-class Indian Bank. He has an average body build up with an average physique. Even with a lockdown in place, people still need money and often leave home to get it. Locality Bank. Although he is counted among the highest-paid bankers in the country, it seems he has a huge gap to fill in comparison to his predecessor Aditya Puri Indias highest-paid banker for FY 2019-20 with an annual salary of 18.92 crore. Car Loan BT Top-Up Calculator. 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. 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. Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. My successor was always in place, at least in my mind. Biography of Sashidhar Jagdishan. 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. 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. Eligibility. Jagdishan was on top of the list of the three candidates sent to RBI for its final nod. He is 5 feet and 9 inches tall and his body weight is around 70 Kg. 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. WebHDFC Bank Parivartan's ECS Scholarship in School Programme (Merit-cum-Need Based) 2022-23. HDFC Bank launches second edition: . According to the plan, the bank will open 1,500 to 2,000 branches every year. Experience Your Economic Times Newspaper, The Digital Way! So, we brought youTheArtProject, an online platform for people of all age groups to show the world how they see the world through the canvas of Arts, Crafts and Photography. Also read:HDFC Bank share price gains nearly 6% on approval of new CEO. 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. click here! The Reserve Bank of India (RBI) has approved the name of Sashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank, sources said. Get live Share Market updates and latest India News and business news on Financial Express. 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. 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. Our aim was to keep you engaged and give you a #BreakFromBoredom so that you could stay home, stay safe and be creative. 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. 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. Also read:What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? 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. Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. Often refered to as Sashi, he joined the Bank in the year 1996 as a Manager in the 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 Initially, he served as a Manager in the finance function and then promoted at the post of Business Head Finance in 1999. A-A+; # Shashidhar Jagadeesan # Salary # ICICI Bank; Related Story . Heres what to do in your income tax returns, All you need to know about your dormant & inactive savings account, LV Prabhakar appointed as MD of Canara Bank, Copyright 2023 The Indian Express [P] Ltd. All Rights Reserved, shashidhar jagdishan as hdfc bank ceo to ensure continuity stability, MPC minutes show RBI not wavering from inflation target, How to prevent five common fintech security mistakes, Top 5 best-selling Royal Enfield motorcycles in January 2023, Meta verified: What Musk has to say about Zuckerberg copying Twitters blue tick plan, Stocks struggle to make headway as rate rises loom, Zomato junks Instant; launches Everyday for home-styled food, Nifty, Bank Nifty outlook: Indices to remain volatile on monthly F&O expiry; check support, resistance, PM Modi chairs PRAGATI meet, reviews 9 key infra projects worth over Rs 41,500 cr! Counting begins, India can be innovation hub to address global challenges: Bill Gates. Sashidhar Jagdishan joined the HDFC bank in 1996, after the completion of his masters degree. HDFC Bank had in April this year recommended Shashidhar Jagdishan, Kaizad Bharucha and Sunil Gargs names for post. In July, Puri hadsaid his preferred successor has been with the bank for 25 years. Sanzone said his group completed a $29.15 million private capital raise for Evermore Bank. 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 Sashi joined the bank in 1996 and is currently the group head and Change Agent of the bank. Two of Indias leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. Meanwhile, the HDFC Bank stock has risen 4.71 per cent or 47.45 to 1,049.65 compared to the previous day close of 1,002 on the National Stock Exchange. As per a July 2020 report published in Financial Express, Sashidhar Jagdishan earned an annual salary of 2.91 crore in FY 2019-20. Includes DocuBay and TimesPrime Membership. 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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. HDFC 2020-21 . WebHDFC Bank Research - Reports; Protect Life And Grow Wealth. They had a 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. Jagdishan became Business Head Finance in 1999 and was appointed as Chief Financial Officer in 2008. Two Wheeler EMI Calculator. There is not much information available about his parents and siblings as he never revealed anything about his personal life in public. All rights reserved. The students must be currently studying in Classes 1 to 12 in a private, government, or government-aided school. The The action plan will take 10-12 weeks for implementation, and further timeframe will depend on the RBI's inspection. Unlock your 30 days free access to ETPrime now. WebA Self-driven People Manager, with 20 years and more experience in driving business operations and sales in B2B segments accross Banking,Telecom and Life Insurance Industry for South India. In the current scenario, you risk infection every time you step outside. "Jagdishan has the necessary skills. It has nearly 300 shareholders and 90% of them are local. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. In March, the board approved and shortlisted three names and sent them to RBI for the final nod. HDFC Bank shares were up 4.67% to trade at Rs 1,048 per share. This facility operated between 10 a.m. and 5 p.m. using sanitized ATM Vans. 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