Edited By jyoti choudhary, Updated: 25 Jul, 2021 05:36 PM. He follows the Hindu religion and holds an Indian nationality. Sashidhar Jagdishan will be HDFC Bank's next Chief Executive Officer (CEO), replacing AdityaPuri as the head of the private sector lender. 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. 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With the lockdown in full effect, we were at home every day, leaving us all more stressed and bored than ever. 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. Eligibility. 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. 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. Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. He has played a critical role in supporting the growth trajectory of the bank, it further said. Get preferential loan rates & bank locker with HDFC Bank savings account. The soon to-be-head of HDFC Bank was appointed as Chief Financial Officer in the year 2008. Sashidhar Jagdishan joined the HDFC bank in 1996, after the completion of his masters degree. Trekking is my other passion. PLAN. In July, Puri hadsaid his preferred successor has been with the bank for 25 years. 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. +Includes DocuBay and TimesPrime Membership. Get live Share Market updates and latest India News and business news on Financial Express. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. 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). 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. They had a WebHDFC Bank Research - Reports; Protect Life And Grow Wealth. Now Sashidhar Jagdishan will be looking ahead as he will be the next chief executive officer of the HDFC bank as the Reserve Bank of India approved his appointment at this post on 4 August 2020. Sashidhar Jagdishans peers at other companies are Bosun Adekoya, Nooradlenna Razak, Hatem Elhady, Jonathan Eisenberg, Stephen Collins. 2014-15 a comeback year for the Indian rupee despite US dollar surge, Switched jobs in middle of the 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 HDFC Bank share price gains nearly 6% on approval of new CEO. Sashidhar Jagdishan has experience of over 29 years and he played a vital role in supporting the growth of the HDFC bank. Even with a lockdown in place, people still need money and often leave home to get it. HDFC Bank launches second edition: . 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 shares were up 4.67% to trade at Rs 1,048 per share. The Reserve Bank of India (RBI) has approved the name of Sashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank. In October 2020, the longest-serving CEO of a private bank in India, will step down from his position and pave way for someone new to take charge of the responsibilities. Linked companies : HDFC Bank Limited. What is the debate around it? 2499 1749, Monthly 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 Initially, he served as a Manager in the finance function and then promoted at the post of Business Head Finance in 1999. 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. Gold Loan EMI Calculator. With the current situation of a pandemic of global proportions, staying healthy is at the forefront of everyones minds. Get your daily dose of business updates on WhatsApp. It has nearly 300 shareholders and 90% of them are local. This will alert our moderators to take action. 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. Deadline 15-Mar-2023. October 27, 2020, under Section 35B of the Banking Regulation Act 1949," HDFC said in a statement on Tuesday. A tale of two theories, This website follows the DNPAs code of conduct. MUMBAI: Sashidhar Jagdishan, chief financial officer of HDFC Bank, is tipped to be elevated as executive director after deputy managing director Paresh 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 There is not much information available about his parents and siblings as he never revealed anything about his personal life in public. 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. 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 is 5 feet and 9 inches tall and his body weight is around 70 Kg. Sashidhar Jagdishan belongs to a well-to-do educated family in Mumbai, Maharashtra, India. Includes DocuBay and TimesPrime Membership. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Age : 57. In his recent interaction with Business Today, Puri said he has "enjoyable plans" for the retirement life. We also used the song to encourage people to contribute to the PM-CARES Fund and support the nation in these trying times. We adhered to social distancing norms and also provided people with sanitizers before and after operating the ATM machine. 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. 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. He became business head finance in 1999 and was appointed as chief financial officer in 2008. My successor was always there, at least in my mind. click here! The rupee, too, declined to its lowest in more than four months amid an evident softness in local risk assets. Car Loan BT Top-Up Calculator. We partnered with A.R. It is also one of the largest banks with regards to UPI transactions with 179.5 million transactions processed through its system in October. WebHDFC Bank Parivartan's ECS Scholarship in School Programme (Merit-cum-Need Based) 2022-23. RBI sent us the letter with Sashidhar Jagdishans name approved for the CEO post late last night, confirmed an insider to CNBC-TV18. Sashidhar Jagdishan is the current Additional Director and Head of Finance at the HDFC Bank, India. Download Financial Express App for latest business news. 12 were here. 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Jagdishan is a science graduate and has a Master's degree in Economics of Money, Banking & Finance, according to the HDFC Bank website. HDFC CEO (Shashidhar Jagadeesan) , . Two Wheeler EMI Calculator. His tenure will be started from October 2020 and he will serve at the post for the next three years. Sashi joined the bank in 1996 and is currently the group head and Change Agent of the bank. 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. Tripura Election Result 2023 Live Updates: BJP again or can Congress-Left spring a surprise? Their first office was founded in Maharashtra, India. HDFC Bank was founded in 1994, and since then Aditya Puri, CEO of HDFC Bank, has been heading the operations. 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. 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. A-A+; # Shashidhar Jagadeesan # Salary # ICICI Bank; Related Story . Also read:HDFC Bank share price gains nearly 6% on approval of new CEO. Debit Cards Calculator. Your Reason has been Reported to the admin. WebCar Loan EMI Calculator. For reprint rights: Adani Enterprises stock up 31% in 2 days. 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. Based on the satisfaction level, the regulator will lift the ban, the official said at an analysts meet. 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. 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. Since then, he has played a pivotal role in supporting the banks growth trajectory and helping the organisation achieve its strategic objectives over the years. Puri's successor Jagdishan was among the top two internal candidates for the top job at HDFC Bank. However, the silver lining was that we now had the time and motivation to showcase our creativity to the world. 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. Days Trial. Also read: Who will be Aditya Puri's successor? "Sashidhar is humane; he is motivational; he is a very thorough executor," he added. Your email address will not be published. Besides, Sunil Garg from Citibank was also in the fray. 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 SIP Calculator. Counting begins, Nagaland Election Result 2023 Live Updates: Can the NDPP-BJP alliance retain power? Our potential successor has been with us for 25 years. He has black color hair and also has sparkling black color eyes. 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. 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. Music will become the filler, he adds. "I will play my favourite game, golf. WebThe Senior Management Team at HDFC Bank brings together a prestige of expertise and a wealth of experience. The Sashidhar Jagdishan It is now for RBI to decide, he said. Days Trial The students must be currently studying in Classes 1 to 12 in a private, government, or government-aided school. Unlock your 30 days free access to ETPrime now. This ensures continuity and stability. 10,000, LeapToUnicorn - mentoring, networking and fundraising for startups. 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. 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. He added that HDFC Securities will be responsible and exuded confidence that it will gain market share in the next 2-3 years. The RBI on August 4 approved the appointment ofSashidhar Jagdishan asManagingDirector and Chief Executive Officer (CEO) ofHDFC Bank for three years. Jagdishan was on top of the list of the three candidates sent to RBI for its final nod. 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. 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. 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. Soon to-be-head of HDFC Bank the ATM machine of over 29 years and he played a vital in! 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