We partnered with A.R. What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? 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. 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. Jagdishan became Business Head Finance in 1999 and was appointed as Chief Financial Officer in 2008. Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. Get preferential loan rates & bank locker with HDFC Bank savings account. He has an average body build up with an average physique. 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. 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. Fixed Deposit Calculator. Sashi comes with a very diverse experience having handled multiple functions in the bank and hence we believe he is the appropriate choice. The A-A+; # Shashidhar Jagadeesan # Salary # ICICI Bank; Related Story . Also read:HDFC Bank share price gains nearly 6% on approval of new CEO. 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 He added that HDFC Securities will be responsible and exuded confidence that it will gain market share in the next 2-3 years. Last year, HDFC Bank had constituted a six-member search committee to replace Puri. CNBCTV18 EXCLUSIVE: RBI approves Sashidhar Jagdishan's name for CEO of HDFC Bank. A lot depends on Chinas recovery, Choose your reason below and click on the Report button. "Sashidhar is humane; he is motivational; he is a very thorough executor," he added. 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. Debit Cards Calculator. 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. Driven by an experienced board and visionary managing director, Jagdishan is a science graduate and has a Master's degree in Economics of Money, Banking & Finance, according to the HDFC Bank website. According to the plan, the bank will open 1,500 to 2,000 branches every year. 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. Based on the satisfaction level, the regulator will lift the ban, the official said at an analysts meet. What is the debate around it? 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. For security reasons, we have logged you out of HDFC Bank NetBanking. 10,000, LeapToUnicorn - mentoring, networking and fundraising for startups. 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. The students must be currently studying in Classes 1 to 12 in a private, government, or government-aided school. He has played a critical role in supporting the growth trajectory of the bank, it further said. HDFC Bank share price gains nearly 6% on approval of new CEO. click here! Secure Children's Future; Deposits; National Pension System; Gold Monetisation Scheme; BORROW Loans, EMI. Jagdishan was on top of the list of the three candidates sent to RBI for its final nod. Counting begins, India can be innovation hub to address global challenges: Bill Gates. My successor was always in place, at least in my mind. 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. They had a Kaizad Barucha, who has the highest board experience, was the senior-most candidate in the fray. It has nearly 300 shareholders and 90% of them are local. The rupee, too, declined to its lowest in more than four months amid an evident softness in local risk assets. HDFC Bank was founded in 1994, and since then Aditya Puri, CEO of HDFC Bank, has been heading the operations. He has black color hair and also has sparkling black color eyes. Even with a lockdown in place, people still need money and often leave home to get it. He follows the Hindu religion and holds an Indian nationality. Car Loan BT Top-Up Calculator. 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. PLAN, Yearly Here we take a look at five frontline contenders. October 27, 2020, under Section 35B of the Banking Regulation Act 1949," HDFC said in a statement on Tuesday. 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. Weve done our very best to make these tough times a little easier for you. Days Trial CNBC-TV18 is awaiting HDFC Banks response to this story. 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Sashidhar Jagdishans peers at other companies are Bosun Adekoya, Nooradlenna Razak, Hatem Elhady, Jonathan Eisenberg, Stephen Collins. WebThe Senior Management Team at HDFC Bank brings together a prestige of expertise and a wealth of experience. WebHDFC Bank Research - Reports; Protect Life And Grow Wealth. 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? Insiders say Aditya Puri did little to hide his preference for SashidharJagdishan as his successor, and had been rallying behind him. WebHowever, for this one will have to wait till the merger of HDFC Bank and HDFC. We also used the song to encourage people to contribute to the PM-CARES Fund and support the nation in these trying times. Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. Trekking is my other passion. HDFC Bank shares were up 4.67% to trade at Rs 1,048 per share. 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. 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. 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 report further states that the RBI has approved Sashidhar Jagdishans appointment for three years from the date of his joining, ie, October 27, 2020. With the lockdown in full effect, we were at home every day, leaving us all more stressed and bored than ever. They even appraised our Global Stand Alone Credit Profile at BBB+ which is 2 notches higher than Indias Sovereign Rating. Deadline 15-Mar-2023. Shadowing the CEO in all key meetings, sitting beside him through thousands of hours on multiple long distance flights, Sashidhar has been personally groomed by Aditya Puri to take on the top job, people in the know say. 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. 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 joined the bank in 1996 and is currently the group head and Change Agent of the bank. JLP offers the best standardized test-prep and customized K-12 tutoring throughout Miami-Dade and 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. A tale of two theories, This website follows the DNPAs code of conduct. Bhavesh Zaveri, another internal candidate, was also screened by the six-member succession committee. 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. his date of taking charge, i.e. 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. 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. 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. HDFC Banks Aditya Puri was the highest-paid executive in FY20 at 180.49 crore. Our doorstep banking ensures a safe and convenient banking experience right at your doorstep. Social distancing was the need of the hour, and so we needed to create a symbol to remind people of this. You could make payments using just the mobile number of a beneficiary. 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. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. 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? This will alert our moderators to take action. All rights reserved. Jan 24, 2023, 16:40 ET. 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. Get live Share Market updates and latest India News and business news on Financial Express. 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. Age : 57. Also read: Who will be Aditya Puri's successor? Often refered to as Sashi, he joined the Bank in the year 1996 as a Manager in the Average body build up with an average body build up with an average build. Sashi comes with a very diverse experience having handled multiple functions in fray.: RBI approves Sashidhar Jagdishan 's name for CEO of HDFC Bank share price gains nearly 6 % on of! 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