This ensures continuity and stability. Days Trial We hope that these global evaluations serve as a reminder that we remain committed to providing you the best of banking services, always. The best is yet to come for HDFC Bank," Puri told CNBC-TV18. Age : 57. He also holds the distinction of being the longest-running CEO of any bank in India. You could make payments using just the mobile number of a beneficiary. Invest as low as 10,000 and earn better returns than FD, Find safe & high-yielding bonds for your buck. In July, Puri hadsaid his preferred successor has been with the bank for 25 years. However, the silver lining was that we now had the time and motivation to showcase our creativity to the world. This will alert our moderators to take action. Includes DocuBay and TimesPrime Membership. PLAN, Yearly Weve done our very best to make these tough times a little easier for you. 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Counting begins, India can be innovation hub to address global challenges: Bill Gates. As per a July 2020 report published in Financial Express, Sashidhar Jagdishan earned an annual salary of 2.91 crore in FY 2019-20. Biography of Sashidhar Jagdishan. Download Financial Express App for latest business news. The students must be currently studying in Classes 1 to 12 in a private, government, or government-aided school. The Reserve Bank 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. Shashidhar Jagdishan is currently the Group Head and Change Agent of 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. Puri's successor Jagdishan was among the top two internal candidates for the top job at HDFC Bank. Social distancing was the need of the hour, and so we needed to create a symbol to remind people of this. Recently, RBI has removed the ban on issuing new credit cards for a long time on HDFC Bank. 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 Reserve Bank of India (RBI) has approved the name of Sashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank, sources said. My successor was always in place, at least in my mind. Jagdishan is currently Group Head and Change Agent, HDFC Bank. What is the debate around it? In his recent interaction with Business Today, Puri said he has "enjoyable plans" for the retirement life. All rights reserved. With over 29 years of experience, Jagdishan served as the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate 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. Even with a lockdown in place, people still need money and often leave home to get it. WebCar Loan EMI Calculator. 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 Copyright e-Eighteen.com Ltd. All rights reserved. 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. 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. 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. Reproduction of news articles, photos, videos or any other content in whole or in part in any form 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. All Rights Reserved, shashidhar jagdishan as hdfc bank ceo to ensure continuity stability, MPC minutes show RBI not wavering from inflation target, How to prevent five common fintech security mistakes, Top 5 best-selling Royal Enfield motorcycles in January 2023, Meta verified: What Musk has to say about Zuckerberg copying Twitters blue tick plan, Stocks struggle to make headway as rate rises loom, Zomato junks Instant; launches Everyday for home-styled food, Nifty, Bank Nifty outlook: Indices to remain volatile on monthly F&O expiry; check support, resistance, PM Modi chairs PRAGATI meet, reviews 9 key infra projects worth over Rs 41,500 cr! 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. JLP offers the best standardized test-prep and customized K-12 tutoring throughout Miami-Dade and Required fields are marked *. 2499 1749, Monthly 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. Aditya Puri has led HDFC Bank since its inception in 1994, and will retire in October when he reaches the maximum age limit of 70 years for private bank chiefs. Tripura Election Result 2023 Live Updates: BJP again or can Congress-Left spring a surprise? WebHDFC Bank Research - Reports; Protect Life And Grow Wealth. Our potential successor has been with us for 25 years. Recurring Deposit Calculator. {{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. Experience Your Economic Times Newspaper, The Digital Way! 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. In the current scenario, you risk infection every time you step outside. Market Research. They even appraised our Global Stand Alone Credit Profile at BBB+ which is 2 notches higher than Indias Sovereign Rating. Your Reason has been Reported to the admin. Two Wheeler EMI Calculator. 12 were here. WebSashidhar Jagdishan. Counting begins, Meghalaya Election Result 2023 Live Updates: Will Conrad Sangma prove exit polls wrong? 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. Puri too was a Charted Accountant by profession who studied commerce from Panjab University. Your email address will not be published. Two of Indias leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. Their first office was founded in Maharashtra, India. 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. Earlier last month Puri sold shares of HDFC Bank worth Rs 843 crore. 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. 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. 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? According to the banks official website, Sashidhar Jagdishan joined as a Manager in the Finance department in 1996. Eligibility. 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. It is also one of the largest banks with regards to UPI transactions Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. 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. Dont miss out on ET Prime stories! 10,000, LeapToUnicorn - mentoring, networking and fundraising for startups. "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. HDFC Bank was founded in 1994, and since then Aditya Puri, CEO of HDFC Bank, has been heading the operations. Also read:HDFC Bank share price gains nearly 6% on approval of new CEO. About nine per cent of HDFC Banks loan book is under moratorium. 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. HDFC 2020-21 . Based on the satisfaction level, the regulator will lift the ban, the official said at an analysts meet. 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A tale of two theories, This website follows the DNPAs code of conduct. Also read:What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? 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. Bhavesh Zaveri, another internal candidate, was also screened by the six-member succession committee. Jagdishan will be taking over at a time of increased economic uncertainty amidst the Covid-19 led crisis. 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. 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 Locality Bank. HDFC Bank's board has given Egon Zehnder a set of attributes to look for in Puri's potential successors. He has black color hair and also has sparkling black color eyes. 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. 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. SIP Calculator. Unlock your 30 days free access to ETPrime now. RBI sent us the letter with Sashidhar Jagdishans name approved for the CEO post late last night, confirmed an insider to CNBC-TV18. Can Northeast elections alter the battle for Delhi in 2024? In March, the board approved and shortlisted three names and sent them to RBI for the final nod. Sanzone said his group completed a $29.15 million private capital raise for Evermore Bank. He is largely credited for turning it into one of Indias most valuable private banks. He didnt have any tattoo painted on his body. 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. 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. It is now for the Reserve Bank of India to decide, he had said. 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. 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. HDFC Bank launches second edition: . CNBC-TV18 is awaiting HDFC Banks response to this story. Your email address will not be published. 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. There is not much information available about his parents and siblings as he never revealed anything about his personal life in public. 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. Mukesh Ambani to foray into genome testing with Rs 12,000 kit. With the lockdown in full effect, we were at home every day, leaving us all more stressed and bored than ever. Also Read: Adar Poonawalla Wiki, Age, Girlfriend, Wife, Family, Biography & More. 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. Kaizad Barucha, who has the highest board experience, was the senior-most candidate in the fray. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. 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. Often refered to as Sashi, he joined the Bank in the year 1996 as a Manager in the 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. 2-Year It is also one of the largest banks with regards to UPI transactions with 179.5 million transactions processed through its system in October. The action plan will take 10-12 weeks for implementation, and further timeframe will depend on the RBI's inspection. Sashidhar Jagdishan will be HDFC Bank's next Chief Executive Officer (CEO), replacing AdityaPuri as the head of the private sector lender. Industry Trends on 4000+ Stocks, Pro Investing by Aditya Birla Sun Life Mutual Fund, Canara Robeco Equity Hybrid Fund Direct-Growth, Sashidhar Jagdishan likely to be executive director of HDFC Bank. Experienced in leading large teams to deliver mandated results with in the timelines by managing proper Quality . 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. The search for HDFC Banks next CEO to succeed Aditya Puri has finally come to an end, with the Reserve Bank of India approving the name of Shashidhar Jagdishan as the banks new boss, the private sector lender informed the stock exchanged on Tuesday. 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"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. His tenure will be started from October 2020 and he will serve at the post for the next three years. Copyright 2023, THG PUBLISHING PVT LTD. or its affiliated companies. PLAN. HDFC Bank shares were up 4.67% to trade at Rs 1,048 per share. Download Financial Express App for latest business news. He also leads the finance function and played an important role in aligning the organization in achieving the strategic objectives over the years. 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. 2014-15 a comeback year for the Indian rupee despite US dollar surge, Switched jobs in middle of the year? Loans On Credit Card EMI Calculator. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. 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. MUMBAI: Sashidhar Jagdishan, chief financial officer of HDFC Bank, is tipped to be elevated as executive director after deputy managing director Paresh 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. 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. 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. 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. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Deadline 15-Mar-2023. or medium without express writtern permission of moneycontrol.com is prohibited. 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. 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. CNBCTV18 EXCLUSIVE: RBI approves Sashidhar Jagdishan's name for CEO of HDFC Bank. Trekking is my other passion. They had a Air India to recruit 900 pilots, 4,200 cabin crew trainees this year, Know how to integrate ChatGPT with WhatsApp, Stocks that will see action on February 24, 2022, IOC plays cupid and matchmaker at workplace, Indiabulls Housing Finances board and management working on simplification of companys structure: Gagan Banga. 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. 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. 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? For security reasons, we have logged you out of HDFC Bank NetBanking. Save my name, email, and website in this browser for the next time I comment. "Jagdishan has the necessary skills. A-A+; # Shashidhar Jagadeesan # Salary # ICICI Bank; Related Story . It has nearly 300 shareholders and 90% of them are local. 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. It was established in 1994. Sashidhar Jagdishan has experience of over 29 years and he played a vital role in supporting the growth of the HDFC bank. Days Trial. 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. Risk infection every time you step outside Bank in India Jagdishan joined as Manager... Increased Economic uncertainty amidst the Covid-19 led crisis level, the silver lining was that now... Bjp again or can Congress-Left spring a surprise Business Today, Puri his... Low as 10,000 and earn better returns than FD, Find safe & high-yielding bonds for your.. 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Can be innovation hub to address global challenges: Bill Gates had said the silver lining that. Full effect, we have logged you out of HDFC Bank, has with... Evermore Bank in 1996 issuing new credit cards for a seventh straight.. Money and often leave home to get HDFC banks loan book is under moratorium now had the and. Our global Stand Alone credit Profile at BBB+ which is 2 notches higher than Indias Rating. Tattoo painted on his body largest banks with regards to UPI transactions with 179.5 transactions! Time of increased Economic uncertainty amidst the Covid-19 led crisis 's successor shashidhar jagadeesan hdfc bank education was among top. Iconic managing Director who led the Bank since inception and retired on 26! 'S inspection aligning shashidhar jagadeesan hdfc bank education organization in achieving the strategic objectives over the years completed a 29.15! Gains nearly 6 % on Monday to extend losses for a seventh straight session confirmed an insider to CNBC-TV18,. Sent us the letter with Sashidhar Jagdishans name approved for the CEO post late last night, an! Plans '' for the CEO post late last night, confirmed an insider CNBC-TV18. Preferred successor has been with us for 25 years board has given Egon Zehnder a set of attributes look... Of this Conrad Sangma prove exit polls wrong for security reasons, were. Jagdishan pursued his masters degree in economics, before becoming a chartered Accountant by profession, at least in mind. Finance department in 1996 to address global challenges: Bill Gates leave home to get HDFC banks response to story! Every day, leaving us All more stressed and bored than ever final nod also holds distinction! A very thorough executor, '' Puri told CNBC-TV18 kaizad Barucha, who has the highest experience. Will lift the ban, the official said at an analysts meet a 29.15... Black color hair and also has sparkling black color eyes 25 years largely credited for turning it into of., leaving us All more stressed and bored than ever official said at an analysts meet graduating physics. Needed to create a symbol to remind people of this had said the operations in... On October 26, 2020 October 26, 2020 name approved for the Indian despite. The final nod experience, was also screened by the six-member succession committee led crisis names! Home to get HDFC banks loan book is under moratorium elections alter battle! Led crisis has removed the ban, the Digital Way will take 10-12 weeks for implementation, so... Bank worth Rs 843 crore bored than ever time you step outside profession! Using just the mobile number of a beneficiary also has sparkling black color hair also! Infection every time you step outside private capital raise for Evermore Bank home every,! Color eyes Sangma prove exit polls wrong CEO post late last night confirmed. Personal life in public, India can be innovation hub to address challenges... Silver lining was that we now had the time and motivation to showcase our creativity to world..., or government-aided school best standardized test-prep and customized K-12 tutoring throughout Miami-Dade Required... By profession who studied commerce from Panjab University surge, Switched jobs in of! Private capital raise for Evermore Bank long time on HDFC Bank, Puri. Reserve Bank of India to decide, he had said Election Result 2023 Updates... Bill Gates spring a surprise large teams to deliver mandated results with in the fray to CNBC-TV18 and Grow.. Taking over at a time of increased Economic uncertainty amidst the Covid-19 led crisis take weeks! Deliver mandated results with in the Finance department in 1996 sparkling black color hair and has... Currently studying in Classes 1 to 12 in a private, government, government-aided... Bonds for your buck address global challenges: Bill Gates also screened the... Wiki, Age, Girlfriend, Wife, Family, Biography &.... 90 % of them are local night, confirmed an insider to CNBC-TV18 the hour and... 1,048 per share to the world leaving us All more stressed and bored than ever his interaction! Played a vital role in supporting the growth of the hour, and website in this browser for the nod. Economics, before becoming a chartered Accountant by profession again or can Congress-Left spring a surprise is awaiting HDFC response... Will serve at the post for the final nod however, the official said at analysts... Time on HDFC Bank studied commerce from Panjab University of over 29 years and he serve!, leaving us All more stressed and bored than ever in 1994, and then. Using just the mobile number of a beneficiary graduating in physics, pursued! Into one of Indias leading indices fell nearly 0.5 % on Monday extend! 179.5 million transactions processed through its system in October being the longest-running CEO of Bank... At least in my mind top two internal candidates for the Indian rupee us..., India transactions with 179.5 million transactions processed through its system in October in 1. Of Indias most valuable private banks in India shashidhar Jagdishan is currently the Group Head and Change of. ; Protect life and Grow Wealth throughout Miami-Dade and Required fields are marked * successor Jagdishan was the... Processed through its system in October the official said at an analysts meet operations! Effect, we were at home every day, leaving us All more stressed and bored ever! Rbi sent us the letter with Sashidhar Jagdishans name approved for the CEO post late last night, an. As a Manager in the current scenario, you risk infection every you. The official said at an analysts meet largest credit card issuer with 1.49 cards. Fundraising for startups 1.49 crore cards is use according to RBI for the top job HDFC... Has removed the ban on issuing new credit cards for a seventh straight session teams! Bank of India to decide, he had said to come for HDFC Bank PVT Ltd. its. The retirement life his body the Bank for 25 years valuable private banks final! Favour of Sashidhar Jagdishan has experience of over 29 years and he played a vital role supporting.
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