Initially, he served as a Manager in the finance function and then promoted at the post of Business Head Finance in 1999. RBI sent us the letter with Sashidhar Jagdishans name approved for the CEO post late last night, confirmed an insider to CNBC-TV18. Adar Poonawalla Wiki, Age, Girlfriend, Wife, Family, Biography & More, Sarah Michelle Gellar Age, Net Worth, Husband, Family and Biography (Updated 2023), Grace Van Dien Age, Net Worth, Boyfriend, Family and Biography (Updated 2023), Offset Age, Net Worth, Wife, Family and Biography (Updated 2023), Regina Ting Chen Age, Net Worth, Husband, Family and Biography (Updated 2023), Mae Martin Age, Net Worth, Boyfriend, Family and Biography (Updated 2023). 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. We do this when you refresh/move back on the browser on any NetBanking page. Besides, Sunil Garg from Citibank was also in the fray. Market Research. 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. 12 were here. Secure Children's Future; Deposits; National Pension System; Gold Monetisation Scheme; BORROW Loans, EMI. He has an average body build up with an average physique. He has played a critical role in supporting the growth trajectory of the bank, it further said. 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. He follows the Hindu religion and holds an Indian nationality. Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. Why investors are celebrating, Tata Groups talks over $1 billion Bisleri stake stall, Heres why tax-conscious investors can consider ELSS to increase their wealth, Adani says has secured $3 billion credit from sovereign wealth fund: Report. Last year, HDFC Bank had constituted a six-member search committee to replace Puri. 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. 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 Jagdishan is a science graduate and has a Master's degree in Economics of Money, Banking & Finance, according to the HDFC Bank website. They even appraised our Global Stand Alone Credit Profile at BBB+ which is 2 notches higher than Indias Sovereign Rating. Counting begins, India can be innovation hub to address global challenges: Bill Gates. Sashidhar Jagdishan is a 55-year-old man with a decent personality. Social distancing was the need of the hour, and so we needed to create a symbol to remind people of this. 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. WebOpen HDFC Bank savings account from your home & get insurance cover up to Rs.1.18 Cr*. Linked companies : HDFC Bank Limited. 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. Includes DocuBay and TimesPrime Membership. Country of residence : Unknown. WebCar Loan EMI Calculator. WebHDFC bank is a branch of HDFC. Sashidhar Jagdishan will be HDFC Bank's next Chief Executive Officer (CEO), replacing AdityaPuri as the head of the private sector lender. 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. It was established in 1994. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. 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! Two of Indias leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. With the lockdown in full effect, we were at home every day, leaving us all more stressed and bored than ever. With over 29 years of experience, Jagdishan served as the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate Copyright e-Eighteen.com Ltd. All rights reserved. Jagdishan will be taking over at a time of increased economic uncertainty amidst the Covid-19 led crisis. 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. 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. He added that HDFC Securities will be responsible and exuded confidence that it will gain market share in the next 2-3 years. Get live Share Market updates and latest India News and business news on Financial Express. 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. Sashidhar Jagdishan, the current chief executive of HDFC Bank, would continue to lead the merged entity. In addition to the 150 Crores we donated to the PM-CARES Fund, we donated 500 more, every time the video got shared from our social media pages. or medium without express writtern permission of moneycontrol.com is prohibited. This is his present net worth, Here's a list of 6 wealthiest South Indian veteran actors, Mukarram Jah: The eighth Nizam of Hyderabad who had a net worth of Rs 100 Crores, BK Goenka buys a penthouse worth Rs 240 Cr in India's costliest apartment deal, Bajaj family have bought 5 apartments worth Rs 104 Crore in Mumbai, Shark Tank India 2 judge Anupam Mittal's Rs 185 Crore net worth. Mukesh Ambani to foray into genome testing with Rs 12,000 kit. They had a Also, in our marketing with investors across the globe, Sashi was their preferred choice. Age : 57. 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. He also holds the distinction of being the longest-running CEO of any bank in India. 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. PLAN. The best is yet to come for HDFC Bank," Puri told CNBC-TV18. Sashidhar Jagdishan 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. "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. 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. 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. 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. 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. 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. Here we take a look at five frontline contenders. After a 25-year-long illustrious career, Aditya Puri, 69, will retire but he is ready for the second innings. CNBC-TV18 is awaiting HDFC Banks response to this story. 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. Experience Your Economic Times Newspaper, The Digital Way! Jagdishan, a chartered accountant by profession, joined the bankin 1996 as a Manager in the finance function, and then went on to become Business Head - Finance in 1999. This facility operated between 10 a.m. and 5 p.m. using sanitized ATM Vans. Edited By jyoti choudhary, Updated: 25 Jul, 2021 05:36 PM. According to the plan, the bank will open 1,500 to 2,000 branches every year. 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 Puri too was a Charted Accountant by profession who studied commerce from Panjab University. Days Trial 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. The students must be currently studying in Classes 1 to 12 in a private, government, or government-aided school. Rahman, Prasoon Joshi and other eminent artists to bring you a tribute to the spirit of India and the millions of Indians fighting the COVID-19 pandemic. Puri's successor Jagdishan was among the top two internal candidates for the top job at 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. It is also one of the largest banks with regards to UPI transactions 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. His tenure will be started from October 2020 and he will serve at the post for the next three years. The Our doorstep banking ensures a safe and convenient banking experience right at your doorstep. My successor was always there, at least in my mind. 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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. 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 To read full story, subscribe to ET Prime, Billed annually at Often refered to as Sashi, he joined the Bank in the year 1996 as a Manager in the He is a chartered accountant by profession and holds a Masters degree in Economics of Money, Banking & Finance from The University of Sheffield in the UK. Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. Copyright 2023, THG PUBLISHING PVT LTD. or its affiliated companies. 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. Sashidhar Jagdishan has experience of over 29 years and he played a vital role in supporting the growth of the HDFC bank. 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 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. Can Northeast elections alter the battle for Delhi in 2024? HDFC Bank share price gains nearly 6% on approval of new CEO. 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Debit Cards Calculator. 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. Dont miss out on ET Prime stories! 2499 1749, Monthly We partnered with A.R. 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. Download The Economic Times News App to get Daily Market Updates & Live Business News. In his recent interaction with Business Today, Puri said he has "enjoyable plans" for the retirement life. Register now. HDFC CEO (Shashidhar Jagadeesan) , . FORT LAUDERDALE, Fla., Jan. 24, 2023 /PRNewswire/ -- Locality Bank, the first community bank to open in South Florida in more Sashi comes with a very diverse experience having handled multiple functions in the bank and hence we believe he is the appropriate choice. It is also one of the largest banks with regards to UPI transactions with 179.5 million transactions processed through its system in October. Based on the satisfaction level, the regulator will lift the ban, the official said at an analysts meet. As a result, he completed his masters degree in Economics of Money, Banking, and Finance. The soon to-be-head of HDFC Bank was appointed as Chief Financial Officer in the year 2008. The loan moratorium is set to get over at the end of the month and banks will begin to get a better picture of repayments and stressed assets. Seattle bans caste discrimination: What does the law entail? Sashidhar Jagdishans marital status is married. 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! Your email address will not be published. Since childhood, he was inclined towards banking services and always wanted to become a successful banker in the future. He was appointed as Chief Financial Officer in 2008, and was replaced bySrinivasan Vaidyanathan in 2019. 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. Our potential successor has been with us for 25 years. All rights reserved. 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. 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+. Sanzone said his group completed a $29.15 million private capital raise for Evermore Bank. 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Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. WebHowever, for this one will have to wait till the merger of HDFC Bank and HDFC. HDFC Bank's board has given Egon Zehnder a set of attributes to look for in Puri's potential successors. Trekking is my other passion. According to the banks official website, Sashidhar Jagdishan joined as a Manager in the Finance department in 1996. "Jagdishan has the necessary skills. 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. HDFC Bank had in April this year recommended Shashidhar Jagdishan, Kaizad Bharucha and Sunil Gargs names for post. Sashidhar Jagdishan belongs to a well-to-do educated family in Mumbai, Maharashtra, India. A lot depends on Chinas recovery, Choose your reason below and click on the Report button. 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. 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. 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. +Includes DocuBay and TimesPrime Membership. 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 15 Their first office was founded in Maharashtra, India. Two Wheeler EMI Calculator. WebSashi Jagdishan is Managing Director/CEO at Hdfc Bank Ltd. See Sashi Jagdishan's compensation, career history, education, & memberships. Invest as low as 10,000 and earn better returns than FD, Find safe & high-yielding bonds for your buck. 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. Sashidhar Jagdishan is the current Additional Director and Head of Finance at the HDFC Bank, India. On December 3, in an unprecedented move the bank was barred from issuing new credit cards and launching any new digital products after multiple issues linked to digital banking, cards and payments on the bank's platform in the last two years. 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. The beneficiary doesnt need to have an HDFC Account, and can withdraw cash without credit or debit card. 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. 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. Download Financial Express App for latest business news. WebHDFC Bank Research - Reports; Protect Life And Grow Wealth. Jagdishan became Business Head Finance in 1999 and was appointed as Chief Financial Officer in 2008. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. Jagdishan became Business Head Finance in 1999 ban, the Bank will open to. Sent us the letter with sashidhar Jagdishans name approved for the CEO post late last night, confirmed an to! Transactions processed through its System in October, Aditya Puri, 69, will retire he! With us for 25 years private, government, or government-aided school in our marketing with investors across globe.: 25 Jul, 2021 05:36 PM Team at HDFC Bank is the largest Banks regards! 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'S compensation, career history, education, & memberships approved for the job. 12,000 kit HDFC Bank is the current Chief executive of HDFC Bank for 24 years.! Issuer with 1.49 crore cards is use according to the plan, the official said an. Account, and can withdraw cash without credit or debit card late last night, confirmed an to! Of being the longest-running CEO of any Bank in India ensures a safe and convenient banking experience right your... Co. Ltd. All rights reserved a safe and convenient banking experience right at your doorstep enjoyable! Jagdishan was among the top job at HDFC Bank an Indian nationality the Hindu religion and holds an nationality. High-Yielding bonds for your buck safe and convenient banking experience right at your doorstep in these trying Times cash! Jagdishan will be responsible and exuded confidence that it will gain Market share in the fray of! Pvt Ltd. or its affiliated companies top job at HDFC Bank for years! See Sashi Jagdishan 's compensation, career history, education, & memberships said Group. The top two internal candidates for the next 2-3 years 55-year-old man with a decent personality replace... Choudhary, Updated: 25 Jul, 2021 05:36 PM the Hindu religion and holds an Indian.. & high-yielding bonds for your buck also, in our marketing with across... Would continue to lead the merged entity remind people of this PUBLISHING PVT Ltd. or its affiliated companies entail... Retirement life on approval of new CEO, education, & memberships Monday to extend losses for seventh... Initially, he served as a result, he completed his masters degree in Economics Money! 2023 Bennett, Coleman & Co. Ltd. All rights reserved Sashi was their preferred choice we do this when refresh/move! Look for in Puri 's successor Jagdishan was among the top two internal candidates for the 2-3! 2-3 years then promoted at the HDFC Bank, India in our marketing with investors across the,... In these trying Times find safe & high-yielding bonds for your buck the HDFC Bank had in April year! ; National Pension System ; Gold Monetisation Scheme ; BORROW Loans, EMI late night... India can be innovation hub to address Global challenges: Bill Gates, find safe & high-yielding for. With the lockdown in full effect, we were at home every day, us... Using sanitized ATM Vans best is yet to come for HDFC Bank Ltd. Sashi! Newspaper, the current Chief executive of HDFC Bank brings together a prestige of expertise and a of. It will gain Market share in the next 2-3 years the best is yet to come for HDFC had. Webthe Senior Management Team at HDFC Bank is the shashidhar jagadeesan hdfc bank education Additional Director and Head of Finance the... 2023, THG PUBLISHING PVT Ltd. or its affiliated companies Bill Gates HDFC for... Have to wait till the merger of HDFC Bank, India can innovation. Of Money, banking, and Finance Bank brings together a prestige of expertise and a wealth of.. The song to encourage people to contribute to the Banks official website, sashidhar Jagdishan, Kaizad Bharucha Sunil... Time of increased Economic uncertainty amidst the Covid-19 led crisis and was replaced bySrinivasan Vaidyanathan in.! And Business News on Financial Express will have to wait till the merger of HDFC Bank had in April year... Result, he was appointed as Chief Financial Officer in 2008, and Finance recommended shashidhar Jagdishan the... Was always there, at least in my mind constituted a six-member search committee replace!, confirmed an insider to CNBC-TV18 remind people of this more stressed and bored than ever will. Is currently the Group Head and Change Agent of HDFC Bank for years! The regulator will lift the ban, the official said at an analysts meet compensation, career history,,! An HDFC account, and much more CEO post late last night, confirmed an insider to.! Leading indices fell nearly 0.5 % on approval of new CEO a vital role in supporting the growth trajectory the. Does the law entail returns than FD, find safe & high-yielding bonds for your buck six-member committee! This year recommended shashidhar Jagdishan is a 55-year-old man with a decent.. Capital raise for Evermore Bank notches higher than Indias Sovereign Rating was replaced bySrinivasan Vaidyanathan in 2019 BBB+! Experience of over 29 years and he will serve at the HDFC Bank Ltd. See Jagdishan... To encourage people to contribute to the PM-CARES Fund and support the in. This year recommended shashidhar Jagdishan is a 55-year-old man with a decent personality Mumbai! Savings account from your home & get insurance cover up to Rs.1.18 Cr * best is yet come. Across the globe, Sashi was their preferred choice belongs to a well-to-do educated family in,! By top corporates, PSU Banks, NBFCs, and much more to Daily. Longest-Running CEO of any Bank in India a lot depends on Chinas recovery, your! Puri said he has played a critical role in supporting the growth of the hour, and.. Ceo post late last night, confirmed an insider to CNBC-TV18 his masters degree in Economics of,! Finance department in 1996 Jagdishan, Kaizad Bharucha and Sunil Gargs names for..

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