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 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. CNBCTV18 EXCLUSIVE: RBI approves Sashidhar Jagdishan's name for CEO of HDFC Bank. Your Reason has been Reported to the admin. 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? 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. 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. 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. By 2019, there were over 5000 branches in 2000 cities. The Reserve Bank of India (RBI) has approved the name of Sashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank. +Includes DocuBay and TimesPrime Membership. Sashidhar Jagdishan completed his early schooling from a private school in his hometown and after that, he completed his graduate course in the Bachelor of Science from Mumbai University then completed masters in Economics of Money, Banking, and Finance from the University of Sheffield in the United Kingdom. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Days Trial. SIP Calculator. 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. WebCar Loan EMI Calculator. Your email address will not be published. Required fields are marked *. 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. Linked companies : HDFC Bank Limited. Get your daily dose of business updates on WhatsApp. We partnered with A.R. Sashidhar Jagdishan Wiki, Age, Girlfriend, Wife, Family, Biography & More, Sudigali Sudheer Age, Net Worth, Girlfriend, Family and Biography (Updated 2023), Mufti Anas Age, Net Worth, Wife, Family and Biography (Updated 2023), Dalton Gomez Age, Net Worth, Wife, Sister, Family, Height and Biography (Updated 2023), Drone Prathap Age, Net Worth, Girlfriend, Family and Biography. "I'm happy to say that our own HDFC Securities also has a plan and you will see that countering the threats from discount brokerages with its own neo architecture or discount kind of an architecture as well," Jagdishan told the bank's shareholders at its annual general meeting on Saturday. A lot depends on Chinas recovery, Choose your reason below and click on the Report button. Two of Indias leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. Jagdishan was on top of the list of the three candidates sent to RBI for its final nod. Sashidhar Jagdishan belongs to a well-to-do educated family in Mumbai, Maharashtra, India. 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. Locality Bank. Get preferential loan rates & bank locker with HDFC Bank savings account. Music will become the filler, he adds. It is now for the Reserve Bank of India to decide, he had said. 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 The beneficiary doesnt need to have an HDFC Account, and can withdraw cash without credit or debit card. 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. Often refered to as Sashi, he joined the Bank in the year 1996 as a Manager in the Finance function and later became Business Head- Finance in 1999. WebOpen HDFC Bank savings account from your home & get insurance cover up to Rs.1.18 Cr*. Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. WebSashi Jagdishan is Managing Director/CEO at Hdfc Bank Ltd. See Sashi Jagdishan's compensation, career history, education, & memberships. 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. In an uncertain environment like this, we believe an internal candidate who is in sync with the outgoing CEO Puri is the right choice. All rights reserved. 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 Loans On Credit Card EMI Calculator. 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. 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. About nine per cent of HDFC Banks loan book is under moratorium. 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. He is largely credited for turning it into one of Indias most valuable private banks. It had however, noted that the continued slowdown in economic activity has led to a decrease in retail loan origination, sale of third party products, use of credit and debit cards by customers, efficiency in collection efforts and waivers of certain fees. What is the debate around it? We also used the song to encourage people to contribute to the PM-CARES Fund and support the nation in these trying times. He added that HDFC Securities will be responsible and exuded confidence that it will gain market share in the next 2-3 years. Reproduction of news articles, photos, videos or any other content in whole or in part in any form
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. Puri too was a Charted Accountant by profession who studied commerce from Panjab University. Bhavesh Zaveri, another internal candidate, was also screened by the six-member succession committee. The applicants must have passed the previous qualifying examination with at least 55% marks. JLP offers the best standardized test-prep and customized K-12 tutoring throughout Miami-Dade and He didnt have any tattoo painted on his body. Sashi joined the bank in 1996 as a manager in the finance function and has overall experience of 29 years. Axis Bank-Citibank merger complete: What will happen to your Citi credit card, Citi debit card, savings, NRE account, home loan? Secure Children's Future; Deposits; National Pension System; Gold Monetisation Scheme; BORROW Loans, EMI. Gold Loan EMI Calculator. The best is yet to come for HDFC Bank," Puri told CNBC-TV18. For security reasons, we have logged you out of HDFC Bank NetBanking. "He has played a critical role in supporting the growth trajectory of the bank. 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. He has black color hair and also has sparkling black color eyes. 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. Download Financial Express App for latest business news. 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). There is not much information available about his parents and siblings as he never revealed anything about his personal life in public. 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. In March, the board approved and shortlisted three names and sent them to RBI for the final nod. With the lockdown in full effect, we were at home every day, leaving us all more stressed and bored than ever. Download The Economic Times News App to get Daily Market Updates & Live Business News. 10,000, LeapToUnicorn - mentoring, networking and fundraising for startups. WebHDFC bank is a branch of HDFC. They had a Sashidhar Jagdishans peers at other companies are Bosun Adekoya, Nooradlenna Razak, Hatem Elhady, Jonathan Eisenberg, Stephen Collins. He was appointed as Chief Financial Officer in 2008, and was replaced bySrinivasan Vaidyanathan in 2019. Dont miss out on ET Prime stories! Sashi comes with a very diverse experience having handled multiple functions in the bank and hence we believe he is the appropriate choice. 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. Edited By jyoti choudhary, Updated: 25 Jul, 2021 05:36 PM. Kaizad Barucha, who has the highest board experience, was the senior-most candidate in the fray. Jagdishan became Business Head Finance in 1999 and was appointed as Chief Financial Officer in 2008. Experienced in leading large teams to deliver mandated results with in the timelines by managing proper Quality . At the banks recently held Annual General Meeting, Aditya Puri, the Chief Executive Officer of HDFC Bank, had indicated, There has been a lot of talk about the successor not being with us for a long time. Sashidhar Jagdishan will be HDFC Bank's next Chief Executive Officer (CEO), replacing AdityaPuri as the head of the private sector lender.