2014-15 a comeback year for the Indian rupee despite US dollar surge, Switched jobs in middle of the year? Sashidhar Jagdishan has experience of over 29 years and he played a vital role in supporting the growth of the HDFC bank. Required fields are marked *. "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Jagdishan as Managing Director & CEO of the Bank for a period of 3 (three) years w.e.f. Your email address will not be published. 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. There is no information available about his wife and children. They even appraised our Global Stand Alone Credit Profile at BBB+ which is 2 notches higher than Indias Sovereign Rating. WebHDFC bank is a branch of HDFC. Kaizad Barucha, who has the highest board experience, was the senior-most candidate in the fray. Between 2008 and 2019, he served as the Chief Financial Officer of the organisation. The soon to-be-head of HDFC Bank was appointed as Chief Financial Officer in the year 2008. "He has played a critical role in supporting the growth trajectory of the bank. 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. Axis Bank-Citibank merger complete: What will happen to your Citi credit card, Citi debit card, savings, NRE account, home loan? What is the debate around it? Unlock your 30 days free access to ETPrime now. Jagdishan is a science graduate and has a Master's degree in Economics of Money, Banking & Finance, according to the HDFC Bank website. 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. 10,000, LeapToUnicorn - mentoring, networking and fundraising for startups. 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. 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. 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. {{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. He is 5 feet and 9 inches tall and his body weight is around 70 Kg. Includes DocuBay and TimesPrime Membership. 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. We also used the song to encourage people to contribute to the PM-CARES Fund and support the nation in these trying times. 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. 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? HDFC Bank shares were up 4.67% to trade at Rs 1,048 per share. WebThe Senior Management Team at HDFC Bank brings together a prestige of expertise and a wealth of experience. Loans On Credit Card EMI Calculator. Sashidhar Jagdishan is former Executive Director at HDFC Bank Ltd. Mr. Jagdishan received an undergraduate degree from the University of Mumbai and a graduate degree from The University of Sheffield. "A meeting of the board of directors of the bank will be convened in due course inter-alia to approve the appointment of Jagdishan as the MD & CEO," the bank said. The applicants must have passed the previous qualifying examination with at least 55% marks. Biography of Sashidhar Jagdishan. Jagdishan is currently Group Head and Change Agent, HDFC Bank. Gold Loan EMI Calculator. The outgoing Aditya Puri nurtured the private sector bank from the rudimentary stage as he aimed to create a world-class Indian Bank. The beneficiary doesnt need to have an HDFC Account, and can withdraw cash without credit or debit card. 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. Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. HDFC Bank had in April this year recommended Shashidhar Jagdishan, Kaizad Bharucha and Sunil Gargs names for post. In March, the board approved and shortlisted three names and sent them to RBI for the final nod. Counting begins, India can be innovation hub to address global challenges: Bill Gates. Also read:What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? Presenting Hum Haar Nahi Maanenge, a song that served as a clarion call to spread hope, positivity & motivation and also served as a reminder that we are in this together and will get through this together. Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. After a 25-year-long illustrious career, Aditya Puri, 69, will retire but he is ready for the second innings. Here we take a look at five frontline contenders. It is now for RBI to decide, he said. Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. As a result, he completed his masters degree in Economics of Money, Banking, and Finance. He follows the Hindu religion and holds an Indian nationality. In the current scenario, you risk infection every time you step outside. We hope that these global evaluations serve as a reminder that we remain committed to providing you the best of banking services, always. HDFC Bank share price gains nearly 6% on approval of new CEO. 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. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. Secure Children's Future; Deposits; National Pension System; Gold Monetisation Scheme; BORROW Loans, EMI. 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. Their first office was founded in Maharashtra, India. 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 didnt have any tattoo painted on his body. 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. 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. 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. Get live Share Market updates and latest India News and business news on Financial Express. WebHowever, for this one will have to wait till the merger of HDFC Bank and HDFC. 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. The Reserve Bank of India (RBI) has approved the name ofSashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank, sources said. WebCar Loan EMI Calculator. The In July, Puri hadsaid his preferred successor has been with the bank for 25 years. Sashidhar Jagdishans peers at other companies are Bosun Adekoya, Nooradlenna Razak, Hatem Elhady, Jonathan Eisenberg, Stephen Collins. Also read: Who will be Aditya Puri's successor? Your email address will not be published. They had a Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. 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Sashi comes with a very diverse experience having handled multiple functions in the bank and hence we believe he is the appropriate choice. It was established in 1994. Sashidhar Jagdishans marital status is married. By 2019, there were over 5000 branches in 2000 cities. As per a July 2020 report published in Financial Express, Sashidhar Jagdishan earned an annual salary of 2.91 crore in FY 2019-20. The students must be currently studying in Classes 1 to 12 in a private, government, or government-aided school. 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 an average body build up with an average physique. 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. He was appointed as Chief Financial Officer in 2008, and was replaced bySrinivasan Vaidyanathan in 2019. 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. In an uncertain environment like this, we believe an internal candidate who is in sync with the outgoing CEO Puri is the right choice. click here! The rupee, too, declined to its lowest in more than four months amid an evident softness in local risk assets. 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. 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. Driven by an experienced board and visionary managing director, 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. 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. Tripura Election Result 2023 Live Updates: BJP again or can Congress-Left spring a surprise? He also leads the finance function and played an important role in aligning the organization in achieving the strategic objectives over the years. WebSashidhar Jagdishan has been with HDFC Bank for 24 years now. He added that HDFC Securities will be responsible and exuded confidence that it will gain market share in the next 2-3 years. Puri too was a Charted Accountant by profession who studied commerce from Panjab University. Jagdishan was on top of the list of the three candidates sent to RBI for its final nod. Sashidhar Jagdishan will be HDFC Bank's next Chief Executive Officer (CEO), replacing AdityaPuri as the head of the private sector lender. 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. 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. 2499 1749, Monthly Sashidhar Jagdishan joined the HDFC bank in 1996, after the completion of his masters degree. 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. He also holds the distinction of being the longest-running CEO of any bank in India. CNBC-TV18 is awaiting HDFC Banks response to this story. JLP offers the best standardized test-prep and customized K-12 tutoring throughout Miami-Dade and "Jagdishan has the necessary skills. With over 29 years of experience, Jagdishan served as the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate A tale of two theories, This website follows the DNPAs code of conduct. Country of residence : Unknown. Puri's successor Jagdishan was among the top two internal candidates for the top job at HDFC Bank. Music will become the filler, he adds. Age : 57. 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. Crore in FY 2019-20 year for the second innings inception and retired on October 26, 2020 diverse!, 2020 currently the Group Head and Change Agent, HDFC Bank: who will be Puri. 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