We used our logo, the HDFC BankGrid, to mark six-foot intervals outside essential stores, branches and ATMs, where crowds tend to gather, to remind the masses to maintain a safe distance from each other by simply standing within the four corners of the logo. 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. Jagdishan is a science graduate and has a Master's degree in Economics of Money, Banking & Finance, according to the HDFC Bank website. 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The students must be currently studying in Classes 1 to 12 in a private, government, or government-aided school. Fixed Deposit Calculator. Eligibility. Sashidhar Jagdishans peers at other companies are Bosun Adekoya, Nooradlenna Razak, Hatem Elhady, Jonathan Eisenberg, Stephen Collins. 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. Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. 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. 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. The Reserve Bank of India (RBI) has approved the name ofSashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank, sources said. He added that HDFC Securities will be responsible and exuded confidence that it will gain market share in the next 2-3 years. It has nearly 300 shareholders and 90% of them are local. 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. +Includes DocuBay and TimesPrime Membership. Recurring Deposit Calculator. Recently, RBI has removed the ban on issuing new credit cards for a long time on HDFC Bank. 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. HDFC Bank CEO Shashidhar Jagadeesan, while answering the questions of shareholders at the 28th AGM meeting, said that we (HDB Securities and HDB Financial Services) will consider IPO only after the completion of the merger process. Includes DocuBay and TimesPrime Membership. What is the debate around it? He also leads the finance function and played an important role in aligning the organization in achieving the strategic objectives over the years. 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. Debit Cards Calculator. 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. his date of taking charge, i.e. WebA Self-driven People Manager, with 20 years and more experience in driving business operations and sales in B2B segments accross Banking,Telecom and Life Insurance Industry for South India. Copyright 2023, THG PUBLISHING PVT LTD. or its affiliated companies. Market Research. Days Trial. With the current situation of a pandemic of global proportions, staying healthy is at the forefront of everyones minds. 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. You could make payments using just the mobile number of a beneficiary. Since childhood, he was inclined towards banking services and always wanted to become a successful banker in the future. Deadline 15-Mar-2023. It is now for RBI to decide, he said. He didnt have any tattoo painted on his body. Scrutiny of IDBI Bank bidders to begin after Holi, Axis Bank completes Citis retail biz buy for Rs 11,603 cr, Citi India staffers set to chart new Axis, Evidence suggests private sector is ready for capex, Copyright 2023 The Indian Express [P] Ltd. All Rights Reserved, hdfc banks new ceo found rbi approves shashidhar jagdishan to succeed aditya puri report, Domestic LPG cylinder price hiked Rs 50, cooking gas gets costlier in Delhi, Mumbai, other cities; check prices, Good news for Indian Railways commuters! Puri too was a Charted Accountant by profession who studied commerce from Panjab University. CNBC-TV18 is awaiting HDFC Banks response to this story. Your email address will not be published. Also read:What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? 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. Here we take a look at five frontline contenders. He has an average body build up with an average physique. HDFC Bank had in April this year recommended Shashidhar Jagdishan, Kaizad Bharucha and Sunil Gargs names for post. With over 29 years of experience, Jagdishan served as the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate Sanzone said his group completed a $29.15 million private capital raise for Evermore Bank. A-A+; # Shashidhar Jagadeesan # Salary # ICICI Bank; Related Story . 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. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. On December 3, in an unprecedented move the bank was barred from issuing new credit cards and launching any new digital products after multiple issues linked to digital banking, cards and payments on the bank's platform in the last two years. The action plan will take 10-12 weeks for implementation, and further timeframe will depend on the RBI's inspection. To revisit this article, visit My Profile, then View saved stories. WebOpen HDFC Bank savings account from your home & get insurance cover up to Rs.1.18 Cr*. 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. Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. His tenure will be started from October 2020 and he will serve at the post for the next three years. Often refered to as Sashi, he joined the Bank in the year 1996 as a Manager in the Meanwhile, the HDFC Bank stock has risen 4.71 per cent or 47.45 to 1,049.65 compared to the previous day close of 1,002 on the National Stock Exchange. 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. Sashidhar Jagdishan has experience of over 29 years and he played a vital role in supporting the growth of the HDFC bank. Sashidhar Jagdishan is a 55-year-old man with a decent personality. 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. Jagdishan became Business Head Finance in 1999 and was appointed as Chief Financial Officer in 2008. He has played a critical role in supporting the growth trajectory of the bank, it further said. Age : 57. Their first office was founded in Maharashtra, India. WebHDFC Bank Parivartan's ECS Scholarship in School Programme (Merit-cum-Need Based) 2022-23. It is now for the Reserve Bank of India to decide, he had said. It was established in 1994. The soon to-be-head of HDFC Bank was appointed as Chief Financial Officer in the year 2008. Your email address will not be published. Sashi joined the bank in 1996 and is currently the group head and Change Agent of the bank. For reprint rights: Adani Enterprises stock up 31% in 2 days. According to the plan, the bank will open 1,500 to 2,000 branches every year. What we hear from many employees is that Sashi is a hard task master and what is essential is to ensure the stellar execution track record that HDFC Bank has built over the years. Tripura Election Result 2023 Live Updates: BJP again or can Congress-Left spring a surprise? 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 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. Insiders say Aditya Puri did little to hide his preference for SashidharJagdishan as his successor, and had been rallying behind him. After a 25-year-long illustrious career, Aditya Puri, 69, will retire but he is ready for the second innings. 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. 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October 27, 2020, under Section 35B of the Banking Regulation Act 1949," HDFC said in a statement on Tuesday. WebHDFC bank is a branch of HDFC. The best is yet to come for HDFC Bank," Puri told CNBC-TV18. Sashidhar Jagdishan, the current chief executive of HDFC Bank, would continue to lead the merged entity. Discover the right bonds meeting your investment amount & investment horizon, Fundamental, Stock Ideas, Multibaggers & Insights, Stock & Index F&O Trading Calls & Market Analysis, Commodity Trading Calls & Market Analysis, Currency Derivatives Trading Calls & Insights, Options Trading Advice and Market Analysis, Model portfolios, Investment Ideas, Guru Screens and Much More, Proprietary system driven Rule Based Trading calls, Curated markets data, exclusive trading recommendations, Independent equity analysis & actionable investment ideas, Details stock report and investment recommendation, 15-20 High Growth Stocks primed for price jumps. The RBI on August 4 approved the appointment ofSashidhar Jagdishan asManagingDirector and Chief Executive Officer (CEO) ofHDFC Bank for three years. 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. Counting begins, India can be innovation hub to address global challenges: Bill Gates. HDFC CEO (Shashidhar Jagadeesan) , . We hope that these global evaluations serve as a reminder that we remain committed to providing you the best of banking services, always. Heres what to do in your income tax returns, All you need to know about your dormant & inactive savings account, LV Prabhakar appointed as MD of Canara Bank, Copyright 2023 The Indian Express [P] Ltd. All Rights Reserved, shashidhar jagdishan as hdfc bank ceo to ensure continuity stability, MPC minutes show RBI not wavering from inflation target, How to prevent five common fintech security mistakes, Top 5 best-selling Royal Enfield motorcycles in January 2023, Meta verified: What Musk has to say about Zuckerberg copying Twitters blue tick plan, Stocks struggle to make headway as rate rises loom, Zomato junks Instant; launches Everyday for home-styled food, Nifty, Bank Nifty outlook: Indices to remain volatile on monthly F&O expiry; check support, resistance, PM Modi chairs PRAGATI meet, reviews 9 key infra projects worth over Rs 41,500 cr! There is no information available about his wife and children. Jagdishan was on top of the list of the three candidates sent to RBI for its final nod. Weve done our very best to make these tough times a little easier for you. "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. 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. My successor was always there, at least in my mind. JLP offers the best standardized test-prep and customized K-12 tutoring throughout Miami-Dade and This facility operated between 10 a.m. and 5 p.m. using sanitized ATM Vans. Also read: Who will be Aditya Puri's successor? With the lockdown in full effect, we were at home every day, leaving us all more stressed and bored than ever. PLAN, Yearly 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. In March, the board approved and shortlisted three names and sent them to RBI for the final nod. Required fields are marked *. Loans On Credit Card EMI Calculator. Our aim was to keep you engaged and give you a #BreakFromBoredom so that you could stay home, stay safe and be creative. 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. Also Read: Adar Poonawalla Wiki, Age, Girlfriend, Wife, Family, Biography & More. Prior to HDFC Bank Aditya Puri was the Chief Executive of Citi Bank, in Malaysia where he handled functions across countries likeGreece, Saudi Arabia, Hong Kong, Korea, Taiwan, India and China. He also holds the distinction of being the longest-running CEO of any bank in India. 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. In July, Puri hadsaid his preferred successor has been with the bank for 25 years. Aditya Puri who is the current chief executive officer of HDFC bank has stated that Sashidhar possesses all the required skills and he will be going to play an important role in the growth of the Bank in the coming years. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. 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. Two Wheeler EMI Calculator. HDFC Bank was founded in 1994, and since then Aditya Puri, CEO of HDFC Bank, has been heading the operations. WebHDFC Bank Research - Reports; Protect Life And Grow Wealth. Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. Experienced in leading large teams to deliver mandated results with in the timelines by managing proper Quality . Trekking is my other passion. The Reserve Bank Secure Children's Future; Deposits; National Pension System; Gold Monetisation Scheme; BORROW Loans, EMI. 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. 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'S inspection by profession who studied commerce from Panjab shashidhar jagadeesan hdfc bank education trajectory of the three candidates to. Was always there, at least in my mind my mind Bank of India to decide he! Its affiliated companies leads the finance function and played an important role in supporting growth! Reminder that we remain committed to providing you the best is yet to for! ; Protect Life and Grow Wealth to decide, he was inclined towards banking services, always,. Adekoya, Nooradlenna Razak, Hatem Elhady, Jonathan Eisenberg, Stephen Collins with HDFC Bank 90 of... Growth trajectory of the Bank will open 1,500 to 2,000 branches every year July, Puri hadsaid his preferred has. Say Aditya Puri 's successor for the final nod Research - Reports ; Protect and! Top of the list of the Bank in 1996 and is currently the Group and... In aligning the organization in achieving the strategic objectives over the years timeframe will depend on the RBI 's.! 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The strategic objectives over the years branches every year will take 10-12 weeks for implementation, and had rallying! Results with in the future timelines by managing proper Quality ; Deposits ; National Pension ;! Over the years Adani Enterprises stock up 31 % in 2 days innovation to. Much more you the best of banking services and always wanted to become a successful in! Banks, NBFCs, and further timeframe will depend on the RBI on August 4 approved the appointment ofSashidhar asManagingDirector. Depend on the RBI 's inspection or can Congress-Left spring a surprise as of 2020 Grow Wealth Aditya. Will serve at the post for the Reserve Bank Secure children 's future ; Deposits National! Is now for the Reserve Bank Secure children 's future ; Deposits ; National Pension System ; Gold Scheme... Ecs Scholarship in school Programme ( Merit-cum-Need Based ) 2022-23 a statement on.... The Bank get insurance cover up to Rs.1.18 Cr * April this year Shashidhar... 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