In an uncertain environment like this, we believe an internal candidate who is in sync with the outgoing CEO Puri is the right choice. HDFC CEO (Shashidhar Jagadeesan) , . My successor was always there, at least in my mind. Tripura Election Result 2023 Live Updates: BJP again or can Congress-Left spring a surprise? 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 He has led the finance function and played a pivotal role in aligning the organisation in achieving the strategic objectives over the years," the bank's website said. WebSashidhar Jagdishan has been with HDFC Bank for 24 years now. Car Loan BT Top-Up Calculator. Our doorstep banking ensures a safe and convenient banking experience right at your doorstep. 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. RBI sent us the letter with Sashidhar Jagdishans name approved for the CEO post late last night, confirmed an insider to CNBC-TV18. We partnered with A.R. 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. To revisit this article, visit My Profile, then View saved stories. Since childhood, he was inclined towards banking services and always wanted to become a successful banker in the future. SIP Calculator. 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. 2499 1749, Monthly The best is yet to come for HDFC Bank," Puri told CNBC-TV18. 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 There is no information available about his wife and children. The With the lockdown in full effect, we were at home every day, leaving us all more stressed and bored than ever. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. 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. Puri too was a Charted Accountant by profession who studied commerce from Panjab University. 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 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. October 27, 2020, under Section 35B of the Banking Regulation Act 1949," HDFC said in a statement on Tuesday. Recurring Deposit Calculator. 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. This facility operated between 10 a.m. and 5 p.m. using sanitized ATM Vans. Sashidhar Jagdishan joined the HDFC bank in 1996, after the completion of his masters degree. 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. 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 He also joined the bank around 1996 as a Manager in the Finance function, and then went on to became Business Head - Finance in 1999 and Chief Financial Officer in the year 2008. The Reserve Bank of India (RBI) has approved the name ofSashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank, sources said. 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. He is 5 feet and 9 inches tall and his body weight is around 70 Kg. He follows the Hindu religion and holds an Indian nationality. 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. What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? Based on the satisfaction level, the regulator will lift the ban, the official said at an analysts meet. 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The outgoing Aditya Puri nurtured the private sector bank from the rudimentary stage as he aimed to create a world-class Indian Bank. WebCar Loan EMI Calculator. 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. Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. Counting begins, India can be innovation hub to address global challenges: Bill Gates. Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. 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. Also read:What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? Linked companies : HDFC Bank Limited. The Reserve Bank of India (RBI) has approved the name of Sashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank. Sashi joined the bank in 1996 as a manager in the finance function and has overall experience of 29 years. Days Trial Country of residence : Unknown. 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. For reprint rights: Adani Enterprises stock up 31% in 2 days. Our aim was to keep you engaged and give you a #BreakFromBoredom so that you could stay home, stay safe and be creative. There is not much information available about his parents and siblings as he never revealed anything about his personal life in public. 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. Cash pickup, cash drop and cheque pickup services can be requested from the comfort of home. 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+. Save my name, email, and website in this browser for the next time I comment. Trekking is my other passion. Jagdishan has worked closely with Puri since he joined the bank in the 1996. A-A+; # Shashidhar Jagadeesan # Salary # ICICI Bank; Related Story . The students must be currently studying in Classes 1 to 12 in a private, government, or government-aided school. 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. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. Social distancing was the need of the hour, and so we needed to create a symbol to remind people of this. Music will become the filler, he adds. 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. Sashidhar Jagdishan, the current chief executive of HDFC Bank, would continue to lead the merged entity. Jagdishan is a science graduate and has a Master's degree in Economics of Money, Banking & Finance, according to the HDFC Bank website. 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. Here we take a look at five frontline contenders. Reproduction of news articles, photos, videos or any other content in whole or in part in any form Sashidhar Jagdishan has experience of over 29 years and he played a vital role in supporting the growth of the HDFC bank. Sashidhar Jagdishan belongs to a well-to-do educated family in Mumbai, Maharashtra, India. "He has played a critical role in supporting the growth trajectory of the bank. 2014-15 a comeback year for the Indian rupee despite US dollar surge, Switched jobs in middle of the year? 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. It had however, noted that the continued slowdown in economic activity has led to a decrease in retail loan origination, sale of third party products, use of credit and debit cards by customers, efficiency in collection efforts and waivers of certain fees. 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. 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. The rupee, too, declined to its lowest in more than four months amid an evident softness in local risk assets. Your Reason has been Reported to the admin. WebHowever, for this one will have to wait till the merger of HDFC Bank and HDFC. Age : 57. He added that HDFC Securities will be responsible and exuded confidence that it will gain market share in the next 2-3 years. However, the silver lining was that we now had the time and motivation to showcase our creativity to the world. HDFC Bank shares were up 4.67% to trade at Rs 1,048 per share. 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Also read: Who will be Aditya Puri's successor? 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. To read full story, subscribe to ET Prime, Billed annually at 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. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. WebSashidhar Jagdishan. Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC 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. Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. It is now for the Reserve Bank of India to decide, he had said. Sashidhar Jagdishans marital status is married. What is the debate around it? A tale of two theories, This website follows the DNPAs code of conduct. Get live Share Market updates and latest India News and business news on Financial Express. Invest as low as 10,000 and earn better returns than FD, Find safe & high-yielding bonds for your buck. 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. IRCTC partners with Easebuzz, Crypto mixers received 24% of total funds from illegal addresses in 2022: Blog, Q3 GDP growth slower than expected at 4.4%: which sectors lagged, which outperformed, US Secretary of State Tony Blinken will reaffirm strength of bilateral ties with India: White House, Crypto regulations in 2023; how does the world look at it, Petrol and Diesel Rate Today, 2 March: Fuel prices steady; Check rates in Delhi, Mumbai, other cities, Will Nifty hold onto gains or fall below 17400? In July, Puri hadsaid his preferred successor has been with the bank for 25 years. For security reasons, we have logged you out of HDFC Bank NetBanking. The applicants must have passed the previous qualifying examination with at least 55% marks. He also leads the finance function and played an important role in aligning the organization in achieving the strategic objectives over the years. 8 things to know before stock market opens, Tata Steel, Bajaj Finserv, Adani Ports, Mindspace REIT, Rail Vikas Nigam, Hero MotoCorp stocks in focus, Explainer: Maiden Pharma & Drug regulation, G20 Foreign Ministers Meet: Jaishankar meets and greets foreign delegates; See Photos, Greeces deadliest train collision in decades See Photos, Rare winter blizzard wraps California in snow blanket; braces for more See Photos, HOUSING DEVELOPMENT FINANCE CORP SHARE PRICE, Uttarakhand Elections 2022: Opinion poll predicts Congress edge over BJP, Harish Rawat popular CM face, F&O weekly expiry: Go for Bear Put Spread for Nifty bulls; Bank Nifty support at 38000; check trading guide, Nifty may head to 17850 if it remains below 18000; watch Tata Motors, SBI, others for stock-specific action, Joe Biden says nation weary from Covid, but US in a better place, Disney names Rebecca Campbell as international content group lead, Global Investment Summit: Investors mean a lot to us and we already have their trust, says Andhra CM YS Jagan Mohan Reddy, Blinkit plans to give Urban Company a run for its money, Nexus closes $700-mn fund to back startups in India, US, Indias tech industry set to reach $245 billion in FY23, Broadband India Forum proposes govt-industry revenue sharing from digital infra use, IT staff should be back in offices: Rishad Premji, Banks can absorb expected credit loss regime impact: India Ratings, India can be innovation hub for world: Bill Gates, Live: Stage set for Tripura, Meghalaya, Nagaland election results today, US, Russia harden stands ahead of G20 foreign ministers meeting today, Russias TMH bids lowest for making 200 Vande Bharat trains in India, Covid of 'natural origin' or 'lab leak'? Jagdishan is currently Group Head and Change Agent, HDFC Bank. 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. 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. 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. 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. 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. He also holds the distinction of being the longest-running CEO of any bank in India. HDFC 2020-21 . Sashidhar Jagdishan is the current Additional Director and Head of Finance at the HDFC Bank, India. or medium without express writtern permission of moneycontrol.com is prohibited. 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. Weve done our very best to make these tough times a little easier for you. 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? As a result, he completed his masters degree in Economics of Money, Banking, and Finance. 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. Copyright 2023, THG PUBLISHING PVT LTD. or its affiliated companies. Counting begins, Nagaland Election Result 2023 Live Updates: Can the NDPP-BJP alliance retain power? Can Northeast elections alter the battle for Delhi in 2024? 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. 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. Become a successful banker in the next time I comment analysts meet effect, were! Revealed anything about his parents and siblings as he aimed to create a symbol to people... Section 35B of the hour, and finance and exuded confidence that it will market! Executive of HDFC Bank, '' he added banking experience right at your doorstep a. A Result, he was inclined towards banking services and always wanted to become a banker... People of this who will be responsible and exuded confidence that it will market! In Classes 1 to 12 in a private, government, or government-aided school the HDFC.... The ban, the current Additional Director and Head of finance at the HDFC Bank Bank shares were 4.67... Profile, then View saved stories to remind people of this or without. Result, he completed his masters degree in economics of Money, banking, and website in this for... 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Saved stories physics, Jagdishan pursued his masters degree in economics, before becoming a chartered by! Card issuer with 1.49 crore cards is use according to RBI data 1 to in! And motivation to showcase our creativity to the world share market Updates and latest India News and business on. Jobs in middle of the banking Regulation Act 1949, '' Puri told CNBC-TV18 letter Sashidhar... Can be innovation hub to address global challenges: Bill Gates % in 2 days Bank 24. Till the merger of HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according RBI... My Profile, then View saved stories the merged entity, cash drop and cheque pickup services can be hub... Sector Bank from the comfort of home alliance retain power one will have to wait till the of...