Age : 57. PLAN. Dont miss out on ET Prime stories! Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. Insiders say Aditya Puri did little to hide his preference for SashidharJagdishan as his successor, and had been rallying behind him. He follows the Hindu religion and holds an Indian nationality. For reprint rights: Syndications Today, Sashidhar Jagdishan appointed new HDFC Bank CEO; RBI gives go ahead, 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, Posted by: Manoj Sharma, Aug 04, 2020, 10:11 AM IST, Who will be Aditya Puri's successor? To revisit this article, visit My Profile, then View saved stories. 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. Download The Economic Times News App to get Daily Market Updates & Live Business News. 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. However, the silver lining was that we now had the time and motivation to showcase our creativity to the world. We also used the song to encourage people to contribute to the PM-CARES Fund and support the nation in these trying times. 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? +Includes DocuBay and TimesPrime Membership. Also read: Who will be Aditya Puri's successor? HDFC Bank was founded in 1994, and since then Aditya Puri, CEO of HDFC Bank, has been heading the operations. 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. PLAN, Yearly Sashidhar Jagdishan is a 55-year-old man with a decent personality. his date of taking charge, i.e. Weve done our very best to make these tough times a little easier for you. HDFC Bank's board has given Egon Zehnder a set of attributes to look for in Puri's potential successors. Days Trial. Recurring Deposit Calculator. 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. Sashidhar Jagdishan Gold Loan EMI Calculator. WebOpen HDFC Bank savings account from your home & get insurance cover up to Rs.1.18 Cr*. 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. Sashi joined the bank in 1996 as a manager in the finance function and has overall experience of 29 years. Also Read: Adar Poonawalla Wiki, Age, Girlfriend, Wife, Family, Biography & More. He has an average body build up with an average physique. WebSashidhar Jagdishan. 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. 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 transition into his new role. It was established in 1994. JLP offers the best standardized test-prep and customized K-12 tutoring throughout Miami-Dade and He is largely credited for turning it into one of Indias most valuable private banks. WebHowever, for this one will have to wait till the merger of HDFC Bank and HDFC. Also read:What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? Lenders led by the State Bank of India (SBI) that are conducting an annual review of Adani Enterprises Ltd (AEL) have decided to maintain status quo on credit limits sanctioned for Gautam Adanis flagship company, said two people aware of the development. According to his profile on the banks website, he heads the functions of Finance, Human Resources, Legal and Secretarial, Administration, Infrastructure, Corporate Communications and Corporate Social Responsibility. "I will play my favourite game, golf. 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. The outgoing Aditya Puri nurtured the private sector bank from the rudimentary stage as he aimed to create a world-class Indian Bank. Loans On Credit Card EMI Calculator. 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. The RBI on August 4 approved the appointment ofSashidhar Jagdishan asManagingDirector and Chief Executive Officer (CEO) ofHDFC Bank for three years. They had a Jagdishan is a science graduate and has a Master's degree in Economics of Money, Banking & Finance, according to the HDFC Bank website. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. He is 5 feet and 9 inches tall and his body weight is around 70 Kg. 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. HDFC 2020-21 . Bhavesh Zaveri, another internal candidate, was also screened by the six-member succession committee. 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. 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 Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. Earlier last month Puri sold shares of HDFC Bank worth Rs 843 crore. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. The applicants must have passed the previous qualifying examination with at least 55% marks. It is now for RBI to decide, he said. CNBCTV18 EXCLUSIVE: RBI approves Sashidhar Jagdishan's name for CEO of HDFC Bank. 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. "Sashidhar is humane; he is motivational; he is a very thorough executor," he added. 12 were here. It had reported a robust 19.6 per cent growth in its net profit for the first quarter of the fiscal. 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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. 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. "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. 10,000, LeapToUnicorn - mentoring, networking and fundraising for startups. WebKnown Addresses for Bar Education, Inc. 1900 W Commercial Blvd Fort Lauderdale, FL 33309 6350 N Andrews Ave Fort Lauderdale, FL 33309 16120 US Highway 19 N 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. He has black color hair and also has sparkling black color eyes. Sashidhar Jagdishan, the current chief executive of HDFC Bank, would continue to lead the merged entity. WebSashidhar Jagdishan has been with HDFC Bank for 24 years now. It has nearly 300 shareholders and 90% of them are local. 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. Our aim was to keep you engaged and give you a #BreakFromBoredom so that you could stay home, stay safe and be creative. 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. 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. Unlock your 30 days free access to ETPrime now. Since childhood, he was inclined towards banking services and always wanted to become a successful banker in the future. Social distancing was the need of the hour, and so we needed to create a symbol to remind people of this. The Reserve Bank of India (RBI) has approved the name of Sashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank. 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. 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. Recently, RBI has removed the ban on issuing new credit cards for a long time on HDFC Bank. Counting begins, Nagaland Election Result 2023 Live Updates: Can the NDPP-BJP alliance retain power? Required fields are marked *. Linked companies : HDFC Bank Limited. A lot depends on Chinas recovery, Choose your reason below and click on the Report button. 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. Two of Indias leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. 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. HDFC Bank launches second edition: . 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. 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. It is now for the Reserve Bank of India to decide, he had said. 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. "Jagdishan has the necessary skills. Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. Sashidhar Jagdishan is the current Additional Director and Head of Finance at the HDFC Bank, India.