Even with a lockdown in place, people still need money and often leave home to get it. 2-Year 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. 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. To revisit this article, visit My Profile, then View saved stories. 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. 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. 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. Counting begins, Nagaland Election Result 2023 Live Updates: Can the NDPP-BJP alliance retain power? Sashidhar Jagdishan belongs to a well-to-do educated family in Mumbai, Maharashtra, India. The soon to-be-head of HDFC Bank was appointed as Chief Financial Officer in the year 2008. The students must be currently studying in Classes 1 to 12 in a private, government, or government-aided school. Get live Share Market updates and latest India News and business news on Financial Express. The Reserve Bank of India (RBI) has approved the name ofSashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank, sources said. Always invest lots of time & energy in developing Deadline 15-Mar-2023. Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. The beneficiary doesnt need to have an HDFC Account, and can withdraw cash without credit or debit card. 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. I prefer to walk through the woods," he says. Locality Bank. The Reserve Bank PLAN. 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. Your email address will not be published. PLAN, Yearly "Sashidhar is humane; he is motivational; he is a very thorough executor," he added. 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. 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). Save my name, email, and website in this browser for the next time I comment. WebHowever, for this one will have to wait till the merger of HDFC Bank and HDFC. 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? For security reasons, we have logged you out of HDFC Bank NetBanking. Two of Indias leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. Puri's successor Jagdishan was among the top two internal candidates for the top job at HDFC Bank. Also read: Who will be Aditya Puri's successor? Weve done our very best to make these tough times a little easier for you. The action plan will take 10-12 weeks for implementation, and further timeframe will depend on the RBI's inspection. 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? Shashidhar Jagdishan as HDFC Bank CEO to ensure continuity, stability Sashi joined the bank in 1996 as a manager in the finance function and has overall experience 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. Their first office was founded in Maharashtra, India. Recently, RBI has removed the ban on issuing new credit cards for a long time on HDFC Bank. This facility operated between 10 a.m. and 5 p.m. using sanitized ATM Vans. 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. Loans On Credit Card EMI Calculator. JLP offers the best standardized test-prep and customized K-12 tutoring throughout Miami-Dade and Debit Cards Calculator. Between 2008 and 2019, he served as the Chief Financial Officer of the organisation. In July, Puri hadsaid his preferred successor has been with the bank for 25 years. 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 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. Download Financial Express App for latest business news. Later in an analyst call on the banks first quarter earnings, Puri had once again cleared the air on succession planning and said there would be no issues. 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? RBI sent us the letter with Sashidhar Jagdishans name approved for the CEO post late last night, confirmed an insider to CNBC-TV18. 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. 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. Get your daily dose of business updates on WhatsApp. Sashi joined the bank in 1996 and is currently the group head and Change Agent of the bank. WebHDFC Bank Parivartan's ECS Scholarship in School Programme (Merit-cum-Need Based) 2022-23. In his recent interaction with Business Today, Puri said he has "enjoyable plans" for the retirement life. It had reported a robust 19.6 per cent growth in its net profit for the first quarter of the fiscal. Register now. 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. The lender has reportedly received the approval from the central bank last night. 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. Recurring Deposit Calculator. It was established in 1994. HDFC Bank had in April this year recommended Shashidhar Jagdishan, Kaizad Bharucha and Sunil Gargs names for post. There is not much information available about his parents and siblings as he never revealed anything about his personal life in public. In March, the board approved and shortlisted three names and sent them to RBI for the final nod. WebHDFC Bank Research - Reports; Protect Life And Grow Wealth. 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. HDFC Bank share price gains nearly 6% on approval of new CEO. Sashidhar Jagdishan 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. According to the plan, the bank will open 1,500 to 2,000 branches every year. Experience Your Economic Times Newspaper, The Digital Way! WebSashidhar Jagdishan. Dont miss out on ET Prime stories! 2499 1749, Monthly Country of residence : Unknown. Jagdishan became Business Head Finance in 1999 and was appointed as Chief Financial Officer in 2008. Get live Share Market updates and latest India News and business news on Financial Express. 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. HDFC Banks Aditya Puri was the highest-paid executive in FY20 at 180.49 crore. Jan 24, 2023, 16:40 ET. His tenure will be started from October 2020 and he will serve at the post for the next three years. He became business head finance in 1999 and was appointed as chief financial officer in 2008. 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