Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. Your Reason has been Reported to the admin. The best is yet to come for HDFC Bank," Puri told CNBC-TV18. Download The Economic Times News App to get Daily Market Updates & Live Business News. 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. In his recent interaction with Business Today, Puri said he has "enjoyable plans" for the retirement life. About nine per cent of HDFC Banks loan book is under moratorium. 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 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. 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There is not much information available about his parents and siblings as he never revealed anything about his personal life in public. his date of taking charge, i.e. 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. 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. 2499 1749, Monthly 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? CNBCTV18 EXCLUSIVE: RBI approves Sashidhar Jagdishan's name for CEO 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. 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. 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. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. HDFC Bank launches second edition: . For security reasons, we have logged you out of HDFC Bank NetBanking. 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. Debit Cards Calculator. 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. Eligibility. 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. Seattle bans caste discrimination: What does the law entail? 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. 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. Jagdishan will be taking over at a time of increased economic uncertainty amidst the Covid-19 led crisis. FORT LAUDERDALE, Fla., Jan. 24, 2023 /PRNewswire/ -- Locality Bank, the first community bank to open in South Florida in more 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. Copyright 2023, THG PUBLISHING PVT LTD. or its affiliated companies. What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? For reprint rights: Adani Enterprises stock up 31% in 2 days. WebSashidhar Jagdishan. 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. 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. Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. What is the debate around it? The Reserve Bank of India (RBI) has approved the name of Sashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank. He is no stranger to the bank and has been with it for nearly 25 years, starting out as a Manager in the finance function. 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. Get live Share Market updates and latest India News and business news on Financial Express. Gold Loan EMI Calculator. They had a Get your daily dose of business updates on WhatsApp. Get live Share Market updates and latest India News and business news on Financial Express. The soon to-be-head of HDFC Bank was appointed as 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. 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. Initially, he served as a Manager in the finance function and then promoted at the post of Business Head Finance in 1999. You could make payments using just the mobile number of a beneficiary. HDFC Bank share price gains nearly 6% on approval of new CEO. 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. 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. Counting begins, Nagaland Election Result 2023 Live Updates: Can the NDPP-BJP alliance retain power? Jan 24, 2023, 16:40 ET. With the lockdown in full effect, we were at home every day, leaving us all more stressed and bored than ever. {{NavBarAdvancedController.userName.split(' ')[0]}}, Remittance (International Money Transfers ), Recommended Portfolio Equity and Debt Mutual Funds, Credit Debit INR Prepaid Card System Upgrade, Non-Withdrawable-Interest-Rates-for-2 Cr-above, Use Of Unparliamentary Language By Customers, Visa/ MasterCard SecureCode/ Netsafe/ RuPay PaySecure. 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. 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. We adhered to social distancing norms and also provided people with sanitizers before and after operating the ATM machine. He became business head finance in 1999 and was appointed as chief financial officer in 2008. Experience Your Economic Times Newspaper, The Digital Way! Puri's successor Jagdishan was among the top two internal candidates for the top job at HDFC Bank. 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. WebHDFC bank is a branch of HDFC. Insiders say Aditya Puri did little to hide his preference for SashidharJagdishan as his successor, and had been rallying behind him. "Sashidhar is humane; he is motivational; he is a very thorough executor," he added. 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. 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. 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. 12 were here. WebHDFC Bank Parivartan's ECS Scholarship in School Programme (Merit-cum-Need Based) 2022-23. The Get preferential loan rates & bank locker with HDFC Bank savings account. It is also one of the largest banks with regards to UPI transactions Sashidhar Jagdishan has experience of over 29 years and he played a vital role in supporting the growth of the HDFC bank. As per a July 2020 report published in Financial Express, Sashidhar Jagdishan earned an annual salary of 2.91 crore in FY 2019-20. MUMBAI: Sashidhar Jagdishan, chief financial officer of HDFC Bank, is tipped to be elevated as executive director after deputy managing director Paresh 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. A-A+; # Shashidhar Jagadeesan # Salary # ICICI Bank; Related Story . 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. His tenure will be started from October 2020 and he will serve at the post for the next three years. 10,000, LeapToUnicorn - mentoring, networking and fundraising for startups. Linked companies : HDFC Bank Limited. Can Northeast elections alter the battle for Delhi in 2024? 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. 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 He follows the Hindu religion and holds an Indian nationality. 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. Edited By jyoti choudhary, Updated: 25 Jul, 2021 05:36 PM. The Reserve Bank RBI sent us the letter with Sashidhar Jagdishans name approved for the CEO post late last night, confirmed an insider to CNBC-TV18. PLAN, Yearly With over 29 years of experience, Jagdishan served as the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate 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! The students must be currently studying in Classes 1 to 12 in a private, government, or government-aided school. After a 25-year-long illustrious career, Aditya Puri, 69, will retire but he is ready for the second innings. Sashidhar Jagdishans marital status is married. 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. Includes DocuBay and TimesPrime Membership. "He has played a critical role in supporting the growth trajectory of the bank. Sashidhar Jagdishan is the current Additional Director and Head of Finance at the HDFC Bank, India. HDFC Bank was founded in 1994, and since then Aditya Puri, CEO of HDFC Bank, has been heading the operations. A lot depends on Chinas recovery, Choose your reason below and click on the Report button. 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. 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. Car Loan BT Top-Up Calculator. 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. 2-Year 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. Always invest lots of time & energy in developing HDFC Banks Aditya Puri was the highest-paid executive in FY20 at 180.49 crore. The six-member search committee comprised of Chairman of the bank Shyamala Gopinath, board members Sanjiv Sachar, MD Ranganath, Sandeep Parekh, Srikanth Nadhamuni, and Renu Karnad from HDFC Ltd, with Puri himself acting as an advisor. 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. At HDFC Bank, Jagdishan currently holds the position ofAdditional Director and Head of Finance, HR. 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? Reproduction of news articles, photos, videos or any other content in whole or in part in any form The rupee, too, declined to its lowest in more than four months amid an evident softness in local risk assets. Between 2008 and 2019, he served as the Chief Financial Officer of the organisation. 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. The applicants must have passed the previous qualifying examination with at least 55% marks. A tale of two theories, This website follows the DNPAs code of conduct. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. 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. Deadline 15-Mar-2023. Loans On Credit Card EMI Calculator. 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. Download Financial Express App for latest business news. I prefer to walk through the woods," he says. "I will play my favourite game, golf. The action plan will take 10-12 weeks for implementation, and further timeframe will depend on the RBI's inspection. Biography of Sashidhar Jagdishan. It is now for the Reserve Bank of India to decide, he had said. He also holds the distinction of being the longest-running CEO of any bank in India. Jagdishan has worked closely with Puri since he joined the bank in the 1996. HDFC CEO (Shashidhar Jagadeesan) , . Besides, Sunil Garg from Citibank was also in the fray. 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. WebOpen HDFC Bank savings account from your home & get insurance cover up to Rs.1.18 Cr*. As a result, he completed his masters degree in Economics of Money, Banking, and Finance. Axis Bank-Citibank merger complete: What will happen to your Citi credit card, Citi debit card, savings, NRE account, home loan? He has played a critical role in supporting the growth trajectory of the bank, it further said. 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 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. He didnt have any tattoo painted on his body. 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. Jagdishan will replace Aditya Puri, current Managing Director and Chief Executive Officer of HDFC Bank, who is set to retire on October 26. Also read: Who will be Aditya Puri's successor? Benchmark bond yields in India climbed to their highest since the first week of November as tightening liquidity and concerns over higher government borrowing in FY24 dented demand for sovereign debt. In the current scenario, you risk infection every time you step outside. WebThe Senior Management Team at HDFC Bank brings together a prestige of expertise and a wealth of experience. Sashidhar Jagdishan 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. 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. 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. Also read:What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? 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. Download Financial Express App for latest business news. To read full story, subscribe to ET Prime, Billed annually at We partnered with A.R. 15 Locality Bank. Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. WebHDFC Bank Research - Reports; Protect Life And Grow Wealth. Copyright e-Eighteen.com Ltd. All rights reserved. Kaizad Barucha, who has the highest board experience, was the senior-most candidate in the fray. 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. Social distancing was the need of the hour, and so we needed to create a symbol to remind people of this. Two of Indias leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. The latest development lifts the veil on who will be leading Indias largest prive sector bank out of the woods in the coming fiscal year after the coronavirus induced economic slowdown has put the banking sector in stress. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. "Jagdishan has the necessary skills. 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. He added that HDFC Securities will be responsible and exuded confidence that it will gain market share in the next 2-3 years. 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. Home every day, leaving us All more stressed and bored than ever # Bank. And after operating the ATM machine of increased Economic uncertainty amidst the Covid-19 crisis... Is 55 years as of 2020 and latest India News and business News on Financial,... Charted Accountant by profession who studied commerce from Panjab University two theories this! And had been rallying behind him of Sashidhar Jagdishan earned an annual salary of 2.91 crore in 2019-20. Tattoo painted on his body has `` enjoyable plans '' for the retirement life Panjab University painted on his.! 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