Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. Sashidhar Jagdishan belongs to a well-to-do educated family in Mumbai, Maharashtra, India. For security reasons, we have logged you out of HDFC Bank NetBanking. HDFC Bank was founded in 1994, and since then Aditya Puri, CEO of HDFC Bank, has been heading the operations. 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 Besides, Sunil Garg from Citibank was also in the fray. 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. Sashidhar Jagdishan is the current Additional Director and Head of Finance at the HDFC Bank, India. Initially, he served as a Manager in the finance function and then promoted at the post of Business Head Finance in 1999. He also holds the distinction of being the longest-running CEO of any bank in India. It had reported a robust 19.6 per cent growth in its net profit for the first quarter of the fiscal. He didnt have any tattoo painted on his body. About nine per cent of HDFC Banks loan book is under moratorium. He has black color hair and also has sparkling black color eyes. The We hope that these global evaluations serve as a reminder that we remain committed to providing you the best of banking services, always. Always invest lots of time & energy in developing {{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. Save my name, email, and website in this browser for the next time I comment. Recurring Deposit Calculator. 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. 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. 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. After a 25-year-long illustrious career, Aditya Puri, 69, will retire but he is ready for the second innings. Last month, at the banks annual general meeting, Puri, who retires on October 26, had said that the banks new MD would likely be an internal candidate with a long career at the lender. Sashi joined the bank in 1996 as a manager in the finance function and has overall experience of 29 years. 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. A-A+; # Shashidhar Jagadeesan # Salary # ICICI Bank; Related Story . Fixed Deposit Calculator. Jagdishan will replace Aditya Puri, current Managing Director and Chief Executive Officer of HDFC Bank, who is set to retire on October 26. 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. Even with a lockdown in place, people still need money and often leave home to get it. 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. 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. Two Wheeler EMI Calculator. The action plan will take 10-12 weeks for implementation, and further timeframe will depend on the RBI's inspection. 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. 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. Seattle bans caste discrimination: What does the law entail? Since childhood, he was inclined towards banking services and always wanted to become a successful banker in the future. The rupee, too, declined to its lowest in more than four months amid an evident softness in local risk assets. Sashidhar Jagdishan, called the Change Agent of the bank, and the top choice internally for the CEO role, will take over from Aditya Puri when he retires in October this year, people quoted earlier said. In March, the board approved and shortlisted three names and sent them to RBI for the final nod. CNBC-TV18 is awaiting HDFC Banks response to this story. Often refered to as Sashi, he joined the Bank in the year 1996 as a Manager in the Not neutral: On Indias stand on Ukraine at the U.N. Madhya Pradesh woman fleeing ritual sacrifice offered asylum in Tamil Nadu, Hungarian woman linked to kidnapping of Mehul Choksi arrested in Abu Dhabi: reports, Sergio Ramos announces retirement from Spain national team. 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. FORT LAUDERDALE, Fla., Jan. 24, 2023 /PRNewswire/ -- Locality Bank, the first community bank to open in South Florida in more Social distancing was the need of the hour, and so we needed to create a symbol to remind people of this. In the current scenario, you risk infection every time you step outside. 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. The best is yet to come for HDFC Bank," Puri told CNBC-TV18. 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. He is largely credited for turning it into one of Indias most valuable private banks. WebCar Loan EMI Calculator. Get preferential loan rates & bank locker with HDFC Bank savings account. This facility operated between 10 a.m. and 5 p.m. using sanitized ATM Vans. Locality Bank. Age : 57. Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. Earlier last month Puri sold shares of HDFC Bank worth Rs 843 crore. We also used the song to encourage people to contribute to the PM-CARES Fund and support the nation in these trying times. Edited By jyoti choudhary, Updated: 25 Jul, 2021 05:36 PM. 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 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. 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. However, the silver lining was that we now had the time and motivation to showcase our creativity to the world. It is now for the Reserve Bank of India to decide, he had said. 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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. Also read:What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? Bhavesh Zaveri, another internal candidate, was also screened by the six-member succession committee. Get live Share Market updates and latest India News and business news on Financial Express. click here! Your email address will not be published. He has played a critical role in supporting the growth trajectory of the bank, it further 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. The soon to-be-head of HDFC Bank was appointed as Chief Financial Officer in the year 2008. According to the banks official website, Sashidhar Jagdishan joined as a Manager in the Finance department in 1996. You could make payments using just the mobile number of a beneficiary. Our potential successor has been with us for 25 years. 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. 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. Get your daily dose of business updates on WhatsApp. Counting begins, India can be innovation hub to address global challenges: Bill Gates. 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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. Invest as low as 10,000 and earn better returns than FD, Find safe & high-yielding bonds for your buck. My successor was always there, at least in my mind. 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. 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. 2-Year Jagdishan was on top of the list of the three candidates sent to RBI for its final nod. So, we bring you offers and discounts on medicines, e-consultations, check-ups and more from leading brands like 1MG, Apollo Pharmacy, IndusHealth Plus and Lybrate. 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. 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. 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. Required fields are marked *. MUMBAI: Sashidhar Jagdishan, chief financial officer of HDFC Bank, is tipped to be elevated as executive director after deputy managing director Paresh Register now. 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. Market Research. HDFC 2020-21 . 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 a science graduate and has a Master's degree in Economics of Money, Banking & Finance, according to the HDFC Bank website. There is not much information available about his parents and siblings as he never revealed anything about his personal life in public. Can Northeast elections alter the battle for Delhi in 2024? 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. We partnered with A.R. CNBCTV18 EXCLUSIVE: RBI approves Sashidhar Jagdishan's name for CEO of HDFC Bank. Unlock your 30 days free access to ETPrime now. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. WebHDFC bank is a branch of HDFC. Sashi joined the Bank, India the distinction of being the longest-running CEO of HDFC Bank is the largest card... Market updates and latest India News and business News on shashidhar jagadeesan hdfc bank education Express, pursued! 05:36 PM first quarter of the fiscal credited for turning it into one of Indias most valuable private.! Was founded in 1994, and website in this browser for the next time I comment low as 10,000 earn. 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