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. Recurring Deposit Calculator. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. To read full story, subscribe to ET Prime, Billed annually at The recent selloff mirrors the weak trend in global equities after a series of US economic data including Fridays consumer price inflation, which is the Federal Reserves most preferred inflation gauge compounded fears the Federal Reserve will keep policy rates elevated for longer than the market had priced in. It is also one of the largest banks with regards to UPI transactions Register now. 15 We do this when you refresh/move back on the browser on any NetBanking page. 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. He has black color hair and also has sparkling black color eyes. Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. Age : 57. Two Wheeler EMI Calculator. "Jagdishan has the necessary skills. Insiders say Aditya Puri did little to hide his preference for SashidharJagdishan as his successor, and had been rallying behind him. WebHowever, for this one will have to wait till the merger of HDFC Bank and HDFC. Sashidhar Jagdishans marital status is married. 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. We adhered to social distancing norms and also provided people with sanitizers before and after operating the ATM machine. Counting begins, India can be innovation hub to address global challenges: Bill Gates. Tripura Election Result 2023 Live Updates: BJP again or can Congress-Left spring a surprise? 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Sashi comes with a very diverse experience having handled multiple functions in the bank and hence we believe he is the appropriate choice. The outgoing Aditya Puri nurtured the private sector bank from the rudimentary stage as he aimed to create a world-class Indian Bank. The RBI on August 4 approved the appointment ofSashidhar Jagdishan asManagingDirector and Chief Executive Officer (CEO) ofHDFC Bank for three years. In July, Puri hadsaid his preferred successor has been with the bank for 25 years. Our aim was to keep you engaged and give you a #BreakFromBoredom so that you could stay home, stay safe and be creative. 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. Driven by an experienced board and visionary managing director, Counting begins, Meghalaya Election Result 2023 Live Updates: Will Conrad Sangma prove exit polls wrong? 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. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. 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. Deadline 15-Mar-2023. FORT LAUDERDALE, Fla., Jan. 24, 2023 /PRNewswire/ -- Locality Bank, the first community bank to open in South Florida in more The best is yet to come for HDFC Bank," Puri told CNBC-TV18. HDFC Bank shares were up 4.67% to trade at Rs 1,048 per share. Linked companies : HDFC Bank Limited. Debit Cards Calculator. "The Reserve Bank of India (RBI) vide its communication dated August 3, 2020, has approved the appointment of Mr. Sashidhar Jagdishan as Managing Director & CEO of the Bank for a period of 3 (three) years w.e.f. He also holds the distinction of being the longest-running CEO of any bank in India. Your email address will not be published. HDFC Bank's board has given Egon Zehnder a set of attributes to look for in Puri's potential successors. 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. Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. 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. 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. Their first office was founded in Maharashtra, India. 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. He became business head finance in 1999 and was appointed as chief financial officer in 2008. 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. Market Research. 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. Includes DocuBay and TimesPrime Membership. SIP Calculator. 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? "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. 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. 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. Mukesh Ambani to foray into genome testing with Rs 12,000 kit. The main successors, irrespective of where the RBI finger points, have been with me, they understand the business, they have been part of the transformation, they were part of the trainingthere is no issue on who is the successor, he had said. Jan 24, 2023, 16:40 ET. 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. 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. Copyright e-Eighteen.com Ltd. All rights reserved. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. Puri's successor Jagdishan was among the top two internal candidates for the top job at HDFC Bank. Sanzone said his group completed a $29.15 million private capital raise for Evermore Bank. CNBCTV18 EXCLUSIVE: RBI approves Sashidhar Jagdishan's name for CEO of HDFC Bank. CNBC-TV18 is awaiting HDFC Banks response to this story. We also used the song to encourage people to contribute to the PM-CARES Fund and support the nation in these trying times. Country of residence : Unknown. Loans On Credit Card EMI Calculator. 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. According to the plan, the bank will open 1,500 to 2,000 branches every year. 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Two of Indias leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. Also Read: Adar Poonawalla Wiki, Age, Girlfriend, Wife, Family, Biography & More. Car Loan BT Top-Up Calculator. WebSashidhar Jagdishan. Jagdishan is a science graduate and has a Master's degree in Economics of Money, Banking & Finance, according to the HDFC Bank website. This ensures continuity and stability. 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? 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. 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. My successor was always in place, at least in my mind. 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 Jagdishan 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. 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. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. Eligibility. WebSashidhar Jagdishan has been with HDFC Bank for 24 years now. +Includes DocuBay and TimesPrime Membership. There is no information available about his wife and children. Download The Economic Times News App to get Daily Market Updates & Live Business News. To revisit this article, visit My Profile, then View saved stories. Cash pickup, cash drop and cheque pickup services can be requested from the comfort of home. Required fields are marked *. My successor was always there, at least in my mind. 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. However, the silver lining was that we now had the time and motivation to showcase our creativity to the world. 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. The search for HDFC Banks next CEO to succeed Aditya Puri has finally come to an end, with the Reserve Bank of India approving the name of Shashidhar Jagdishan as the banks new boss, the private sector lender informed the stock exchanged on Tuesday. 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 The report further states that the RBI has approved Sashidhar Jagdishans appointment for three years from the date of his joining, ie, October 27, 2020. Fixed Deposit Calculator. As a result, he completed his masters degree in Economics of Money, Banking, and Finance. 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