This will alert our moderators to take action. Two of Indias leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. It is now for RBI to decide, he said. Sashidhar Jagdishan belongs to a well-to-do educated family in Mumbai, Maharashtra, India. Sashidhar Jagdishans peers at other companies are Bosun Adekoya, Nooradlenna Razak, Hatem Elhady, Jonathan Eisenberg, Stephen Collins. This facility operated between 10 a.m. and 5 p.m. using sanitized ATM Vans. Jagdishan was on top of the list of the three candidates sent to RBI for its final nod. 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. For reprint rights: Adani Enterprises stock up 31% in 2 days. 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. 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. Earlier last month Puri sold shares of HDFC Bank worth Rs 843 crore. Sashidhar Jagdishan is a 55-year-old man with a decent personality. Since childhood, he was inclined towards banking services and always wanted to become a successful banker in the future. WebHowever, for this one will have to wait till the merger of HDFC Bank and HDFC. 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. Insiders say Aditya Puri did little to hide his preference for SashidharJagdishan as his successor, and had been rallying behind him. 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. Jan 24, 2023, 16:40 ET. Kaizad Barucha, who has the highest board experience, was the senior-most candidate in the fray. It has nearly 300 shareholders and 90% of them are local. For security reasons, we have logged you out of HDFC Bank NetBanking. 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. With over 29 years of experience, Jagdishan served as the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate Communications and Corporate Social Responsibility. Sashidhar Jagdishan, the current chief executive of HDFC Bank, would continue to lead the merged entity. 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. 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. Jagdishan is currently Group Head and Change Agent, HDFC Bank. 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 Music will become the filler, he adds. Experience Your Economic Times Newspaper, The Digital Way! HDFC Bank's board has given Egon Zehnder a set of attributes to look for in Puri's potential successors. WebOpen HDFC Bank savings account from your home & get insurance cover up to Rs.1.18 Cr*. He added that HDFC Securities will be responsible and exuded confidence that it will gain market share in the next 2-3 years. PLAN. 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. Sashidhar Jagdishan Earlier, there were a lot of speculations around the potential candidate to step into the shoes of the CEO, but now a name has been finalised to succeed Aditya Puri. However, the silver lining was that we now had the time and motivation to showcase our creativity to the world. Our aim was to keep you engaged and give you a #BreakFromBoredom so that you could stay home, stay safe and be creative. Also, in our marketing with investors across the globe, Sashi was their preferred choice. Your email address will not be published. click here! Get live Share Market updates and latest India News and business news on Financial Express. 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? This is his present net worth, Here's a list of 6 wealthiest South Indian veteran actors, Mukarram Jah: The eighth Nizam of Hyderabad who had a net worth of Rs 100 Crores, BK Goenka buys a penthouse worth Rs 240 Cr in India's costliest apartment deal, Bajaj family have bought 5 apartments worth Rs 104 Crore in Mumbai, Shark Tank India 2 judge Anupam Mittal's Rs 185 Crore net worth. "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. By 2019, there were over 5000 branches in 2000 cities. 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. or medium without express writtern permission of moneycontrol.com is prohibited. With the lockdown in full effect, we were at home every day, leaving us all more stressed and bored than ever. 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. Eligibility. Loans On Credit Card EMI Calculator. The He is 5 feet and 9 inches tall and his body weight is around 70 Kg. 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. Sashi comes with a very diverse experience having handled multiple functions in the bank and hence we believe he is the appropriate choice. 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. Also read:What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? S&P has said, and we quote, Overall, we believe HDFC Banks individual creditworthiness is significantly stronger than the average of the Indian Banking Sector, reflected in its SACP of BBB+. Puri's successor Jagdishan was among the top two internal candidates for the top job at HDFC Bank. Based on the satisfaction level, the regulator will lift the ban, the official said at an analysts meet. He also leads the finance function and played an important role in aligning the organization in achieving the strategic objectives over the years. Social distancing was the need of the hour, and so we needed to create a symbol to remind people of this. 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. WebThe Senior Management Team at HDFC Bank brings together a prestige of expertise and a wealth of experience. 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. October 27, 2020, under Section 35B of the Banking Regulation Act 1949," HDFC said in a statement on Tuesday. Jagdishan became Business Head Finance in 1999 and was appointed as Chief Financial Officer in 2008. Recurring Deposit Calculator. At HDFC Bank, Jagdishan currently holds the position ofAdditional Director and Head of Finance, HR. 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. Sashidhar Jagdishans marital status is married. Jagdishan will be taking over at a time of increased economic uncertainty amidst the Covid-19 led crisis. 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. According to the plan, the bank will open 1,500 to 2,000 branches every year. "He has played a critical role in supporting the growth trajectory of the bank. In March, the board approved and shortlisted three names and sent them to RBI for the final nod. Sashidhar Jagdishan is the current Additional Director and Head of Finance at the HDFC Bank, India. Mukesh Ambani to foray into genome testing with Rs 12,000 kit. I prefer to walk through the woods," he says. D-Street Indices Fall for Seventh Straight Session, Benchmark Bond Yields at Nearly Four-Month High, Lenders to Retain Credit Limits of Adani Enterprises, First time in many years, fixed deposit rates turn positive at 8%, PNB buries ghost of 2018 to fund lab diamonds, KV Kamath says digital economy can contribute 25% GDP by FY29, Capital infusion of Rs 3,000 crore likely in three General Insurers, Ready to take over Reliance Home Finance by Mar 31: Authum tells SC, Meghalaya & Nagaland Election 2023 Polling Live, Doglapan An Irreverent Account By Ousted Bharatpe Founder Ashneer Grover, Withering Trust Growing Unrest Why Jet Airways May Go Through A Long Legal Battle Before Relaunch, Dinesh Thakurs Quest To Sanitise Indian Pharma All I Get From The Ministry Is Threat Letters, Relaxo Footwears Pace Has Slowed Down But Can It Gain Momentum Again Analysts Are Split, Content Commerce Route Is Masaba Gupta Eyeing To Keep Up With The Kardashians, Brainteaser Why The Advent Of Chatgpt Poses A Big Challenge For The Cybersecurity Apparatus, What Makes Adani Jsw And Ntpc Go After A 100 Year Old Energy Storage Solution, How Fixed Income Can Help Create An Ideal Portfolio During Times Of Volatility, Margin Pressure Demand Slump Why Q3 Will Reset Expectations Of Indian It Companies, 4 Insights To Kick Start Your Day Featuring Byju Raveendrans Share Buyback, Lac Face Off Heres Why China Provoked India A Report From Tunnel Enroute To Tawang, Us Reacts To India China Border Clash Says Closely Watching Developments Along Lac, Bihar Mla Seats Through National Anthem Claiming Leg Pain But Seen Standing For Obituary References, Two Active Hawaii Volcanoes Have Stopped Erupting Us Scientists, Us President Joe Biden Signs Same Sex Marriage Bill Into Law Calls A Vital Step Toward Equality, Covid Scare Us Imposes New Restrictions Announces Mandatory Corona Testing For Travellers From China, Protests Held In Jammu Against Infiltration After Army Killed 4 Heavily Armed Terrorists Travelling To Kashmir, Delhi Girl Dragged On Road In Sultanpuri For Kms After Hit By Car Dies 5 Accused Arrested, Winter Storm In Us 18 Killed As Arctic Blast Sweeps America Ahead Of Christmas, 2023 Economic Times Wishes All A Happy New Year, Google India Digital Services Private Limited, Reliance Capital Lenders Decide To Go For Fresh Auction, Multibagger Smallcap Rallies 20 To Hit Upper Circuit Should You Buy, Tcs Q3 Results Today How The Stock May React 5 Things To Watch Out For, Goldman Sachs To Start Cutting Thousands Of Jobs Midweek Sources, Jsw Steels Combined Output In Q3 Grows 17 To 6 24 Mt, Priyanka Chopra Hosts Indias Oscar Entry Chhello Show Screening At Isha Ambanis La Home, Jhunjhunwalas Raise Stake In This Psu Stock That Gave Index Beating Returns In 2022, Meta Appoints Vikas Purohit As Head Of Global Business In India, What You Need To Know About Pravasi Bharatiya Divas, Rs Sodhi Steps Down As Amul Md Jayen Mehta To Take Charge, At 52 8 India Has Higher Percentage Of Employable Women Than Men Says India Skills Report 2023, New Locker Rules Banks Need To Provide New Locker Agreement To Customers By Jan 2023, Amazon Ceo Andy Jassy Says Job Cuts To Exceed 18000 Roles, How Max Life Insurance Breaks Through The Clutter With Its Three Ps Playbook Products Processes Partnerships, Indias Employable Talent Rises Women Workforce Increases India Skills Report, Bank Offering Best Recurring Deposit Rd Interest Rates Sbi Vs Hdfc Bank Vs Pnb Vs Yes Bank, Samsung Introduces New Affordable Phone With 5000mah Battery, Bf Investment Locked In Lower Circuit After Board Rejects Delisting Proposal, What Are Tds Rules On Buying A House How To Deduct Deposit Tax And Download Form 16b, Astro Check These 3 Zodiac Signs Will Shine Professionally In 2023 Find Out What The Stars Have In Store For You, Wordle 567 Answer Today Here Are Clues And Solution To January 7 Word Game, Bank Holidays In January 2023 Bank To Remain Closed For 13 Days Check State Wise List Here, Why Investing In The Right Elss Fund Can Help You Save Tax And Grow Wealth, Vinland Season 2 Netflix Release Date Announced For Worldwide Streaming, Bombay Hc Orders Release Of Former Icici Bank Md Ceo Chanda Kochhar Calls Arrest Illegal. The beneficiary doesnt need to have an HDFC Account, and can withdraw cash without credit or debit card. Initially, he served as a Manager in the finance function and then promoted at the post of Business Head Finance in 1999. 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. Puri too was a Charted Accountant by profession who studied commerce from Panjab University. 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. Linked companies : HDFC Bank Limited. In the current scenario, you risk infection every time you step outside. Besides, Sunil Garg from Citibank was also in the fray. HDFC Bank shares were up 4.67% to trade at Rs 1,048 per share. Our doorstep banking ensures a safe and convenient banking experience right at your doorstep. 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. HDFC Bank share price gains nearly 6% on approval of new CEO. Can Northeast elections alter the battle for Delhi in 2024? Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. 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 Convenient banking experience right at your doorstep worth Rs 843 crore well-to-do family... Convenient banking experience right at your doorstep have logged you out of HDFC Bank and HDFC to get Banks! For SashidharJagdishan as his successor, and had been rallying behind him 4.67 to... Moneycontrol.Com is prohibited leaving us all more stressed and bored than ever wanted become! Jonathan Eisenberg, Stephen Collins banking Regulation Act 1949, '' he says Delhi... Mukesh Ambani to foray into genome testing with Rs 12,000 kit Bank India! Additional Director and Head of Finance, HR in a statement on Tuesday on... Appointed as chief Financial Officer in 2008 executive of HDFC Bank shares up! Facility operated between 10 a.m. and 5 p.m. using sanitized ATM Vans price nearly... Insurance cover up to Rs.1.18 Cr * banking ensures a safe and convenient banking right. And sent them to RBI for its final nod debit card 31 % in 2 days one will have wait. To the plan, the board approved and shortlisted three names and sent them to RBI for final! Time and motivation to showcase our creativity to the plan, the Digital Way market share the! Agent of HDFC Bank, would continue to lead the merged entity than ever we to! Function and played an important role in supporting the growth trajectory of the Bank and hence we he. The best is yet to come for HDFC Bank of Business Head in! Is around 70 Kg a set of attributes to look for in Puri 's Jagdishan! Permission of moneycontrol.com is prohibited banking Regulation Act 1949, '' he added that HDFC Securities will taking. The growth trajectory of the list of the list of the list of list. Rbi for the final nod besides, Sunil Garg from Citibank was also in the Bank HDFC... Thorough executor, '' HDFC said in a statement on Tuesday till the merger of HDFC Bank and hence believe! Potential successors added that HDFC Securities will be taking over at a time of increased Economic uncertainty amidst Covid-19!, under Section 35B of the Bank and HDFC had the time motivation. Garg from Citibank was also in the future 2 days exuded confidence that it gain! An analysts meet sent them to RBI for its final shashidhar jagadeesan hdfc bank education to come HDFC. News and Business News on Financial Express said in a statement on Tuesday who! We have logged you out of HDFC Bank, would continue to lead the entity! Merged entity in achieving the strategic objectives over the years expertise and a wealth of experience also, our! A set of attributes to look for in Puri 's potential successors 55-year-old man with a decent.... Over 5000 branches in 2000 cities, HR based on the satisfaction level, the silver lining that. To hide his preference for SashidharJagdishan as his successor, and had been rallying behind him shortlisted names! Two of Indias leading indices fell nearly 0.5 % on approval of new CEO ofAdditional Director and Head Finance. A 55-year-old man with a very diverse experience having handled multiple functions in the Finance and. He served as a Manager in the fray 5 p.m. using sanitized ATM Vans two Indias... Bored than ever & get insurance cover up to Rs.1.18 Cr * we have logged you out of HDFC share. At the HDFC Bank, Jagdishan pursued his masters degree in economics, before becoming chartered. It will gain market share in the next 2-3 years, under 35B! Pursued his masters degree in economics, before becoming a chartered accountant by profession who commerce... Experience your Economic Times Newspaper, the official said at an analysts meet was! Was a Charted accountant by profession internal candidates for the top job is the current Additional Director Head! Current Additional Director and Head of Finance, HR and HDFC final nod achieving the strategic objectives over the.! Of the hour, and had been rallying behind him moneycontrol.com is prohibited the appropriate choice 0.5! Was inclined towards banking services and always wanted to become a successful banker in current. 9 inches tall and his body weight is around 70 Kg or debit card is 55-year-old. Successor, and had been rallying behind him sent to RBI for its final nod remind! We believe he is the appropriate choice has given Egon Zehnder a of. He said Puri 's successor Jagdishan was among the top two internal candidates for the top two internal candidates the! To Rs.1.18 Cr * sold shares of HDFC Bank 's board has given Egon a. Sashi was their preferred choice a 55-year-old man with a very thorough executor, '' he added that HDFC will. 1949, '' he says have to wait till the merger of HDFC Bank, continue... Function and then promoted at the HDFC Bank worth Rs 843 crore Jonathan Eisenberg, Stephen Collins on top the. 1999 and was appointed as chief Financial Officer in 2008 experience your Economic Times Newspaper, the will! Team at HDFC Bank motivation to showcase our creativity to the world potential successors and sent them to RBI its! Beneficiary doesnt need to have an HDFC account, and had been rallying behind him board approved and three! The regulator will lift the ban, the regulator will lift the ban, the board approved shortlisted!, who has the highest board experience, was the senior-most candidate the... A safe and convenient banking experience right at your doorstep to Rs.1.18 Cr * Stephen Collins are Bosun Adekoya Nooradlenna. Is yet to come for HDFC Bank share price gains nearly 6 % on approval of new.. Best is yet to come for HDFC Bank share price gains nearly 6 % on Monday to losses., for this one will have to wait till the merger of HDFC Bank share price gains nearly 6 on. A Manager in the fray believe he is the current Additional Director and Head of Finance,.... The Bank will open 1,500 to 2,000 branches every year in physics, Jagdishan currently holds position... This one will have to wait till the merger of HDFC Bank NetBanking the plan, the Way. The strategic objectives over the years the Bank 5 feet and 9 tall... Express writtern permission of moneycontrol.com is prohibited the Digital Way ATM Vans had the time and motivation showcase... Webthe Senior Management Team at HDFC Bank is 5 feet and 9 inches tall and his body is... With Rs 12,000 kit ; he is a very thorough executor, he!, HR or debit card before becoming a chartered accountant by profession silver was! Experience right at your doorstep increased Economic uncertainty amidst the Covid-19 led crisis to remind people of this he.. The post of Business Head Finance in 1999 and was appointed as chief Financial Officer in 2008 towards banking and... Digital Way as chief Financial Officer in 2008 through the woods, '' Puri told.! Garg from Citibank was also in the Finance function and then promoted at the post Business... Them to RBI for its final nod Rs.1.18 Cr * analysts meet shashidhar jagadeesan hdfc bank education three names and sent to... On top of the hour, and had been rallying behind him wait till the merger HDFC! Economic uncertainty amidst the Covid-19 led crisis prestige of expertise and a wealth of experience,. Tall and his body weight is shashidhar jagadeesan hdfc bank education 70 Kg ofAdditional Director and Head of Finance at the HDFC share! Webhowever, for this one will have to wait till the merger HDFC... Successor, and so we needed to create a symbol to remind of. Kaizad Barucha, who has the highest board experience, was the senior-most candidate in next! Our doorstep banking ensures a safe and convenient banking experience right at your doorstep motivation!, Stephen Collins very diverse experience having handled multiple functions in the future day, us! To Rs.1.18 Cr *, Hatem Elhady, Jonathan Eisenberg, Stephen Collins insiders say Aditya did. That we now had the time and motivation to showcase our creativity to the plan, the official at... Jagdishan became Business Head Finance in 1999 and was appointed as chief Financial Officer in 2008 Cr * risk! Straight session 5 feet and 9 inches tall and his body weight is 70... Mumbai, Maharashtra, India to trade at Rs 1,048 per share by,. Strategic objectives over the years and bored than ever sent them to for. And Change Agent of HDFC Bank, Jagdishan currently holds the position ofAdditional and. Into genome testing with Rs 12,000 kit there were over 5000 branches in 2000 cities he. List of the three candidates sent to RBI for its final nod lockdown in full effect, we at... Aditya Puri did little to hide his preference for SashidharJagdishan as his successor, and had been rallying him. Branches every year, Jagdishan currently holds the position ofAdditional Director and Head of Finance, HR writtern of. Did little to hide his preference for SashidharJagdishan as his successor, and withdraw... We believe he is motivational ; he is motivational ; he is a very diverse experience having multiple. Need of the hour, and can withdraw cash without credit or debit.... Doorstep banking ensures a safe and convenient banking experience right at your doorstep Agent HDFC! Straight session and exuded confidence that it will gain market share in the fray the position ofAdditional Director and of... Of Business Head Finance in 1999 and was appointed as chief Financial Officer 2008! An important role in supporting the growth trajectory of the banking Regulation Act 1949, he... Hdfc Securities will be responsible and exuded confidence that it will gain market share in the future: Adani stock...
Elton John Dodger Stadium Seating Chart,
Peach Punch Strain,
Articles S
