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Two of Indias leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. Here we take a look at five frontline contenders. 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 Sashidhar Jagdishan 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. RBI sent us the letter with Sashidhar Jagdishans name approved for the CEO post late last night, confirmed an insider to CNBC-TV18. Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. It has nearly 300 shareholders and 90% of them are local. 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. Sashidhar Jagdishan, the current chief executive of HDFC Bank, would continue to lead the merged entity. With over 29 years of experience, Jagdishan served as the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate In his recent interaction with Business Today, Puri said he has "enjoyable plans" for the retirement life. 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. 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! He is largely credited for turning it into one of Indias most valuable private banks. Market Research. 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. 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. 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. What is the debate around it? 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. 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. 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. Get live Share Market updates and latest India News and business news on Financial Express. 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. Our potential successor has been with us for 25 years. 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. Sanzone said his group completed a $29.15 million private capital raise for Evermore Bank. 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. Jagdishan was on top of the list of the three candidates sent to RBI for its final nod. 8 things to know before stock market opens, Tata Steel, Bajaj Finserv, Adani Ports, Mindspace REIT, Rail Vikas Nigam, Hero MotoCorp stocks in focus, Explainer: Maiden Pharma & Drug regulation, G20 Foreign Ministers Meet: Jaishankar meets and greets foreign delegates; See Photos, Greeces deadliest train collision in decades See Photos, Rare winter blizzard wraps California in snow blanket; braces for more See Photos, HOUSING DEVELOPMENT FINANCE CORP SHARE PRICE, Uttarakhand Elections 2022: Opinion poll predicts Congress edge over BJP, Harish Rawat popular CM face, F&O weekly expiry: Go for Bear Put Spread for Nifty bulls; Bank Nifty support at 38000; check trading guide, Nifty may head to 17850 if it remains below 18000; watch Tata Motors, SBI, others for stock-specific action, Joe Biden says nation weary from Covid, but US in a better place, Disney names Rebecca Campbell as international content group lead, Global Investment Summit: Investors mean a lot to us and we already have their trust, says Andhra CM YS Jagan Mohan Reddy, Blinkit plans to give Urban Company a run for its money, Nexus closes $700-mn fund to back startups in India, US, Indias tech industry set to reach $245 billion in FY23, Broadband India Forum proposes govt-industry revenue sharing from digital infra use, IT staff should be back in offices: Rishad Premji, Banks can absorb expected credit loss regime impact: India Ratings, India can be innovation hub for world: Bill Gates, Live: Stage set for Tripura, Meghalaya, Nagaland election results today, US, Russia harden stands ahead of G20 foreign ministers meeting today, Russias TMH bids lowest for making 200 Vande Bharat trains in India, Covid of 'natural origin' or 'lab leak'? Cash pickup, cash drop and cheque pickup services can be requested from the comfort of home. Get preferential loan rates & bank locker with HDFC Bank savings account. He has black color hair and also has sparkling black color eyes. 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. 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 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. As per a July 2020 report published in Financial Express, Sashidhar Jagdishan earned an annual salary of 2.91 crore in FY 2019-20. 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. Invest as low as 10,000 and earn better returns than FD, Find safe & high-yielding bonds for your buck. 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. WebOpen HDFC Bank savings account from your home & get insurance cover up to Rs.1.18 Cr*. Puri's successor Jagdishan was among the top two internal candidates for the top job at HDFC Bank. He follows the Hindu religion and holds an Indian nationality. 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. Your email address will not be published. WebKnown Addresses for Bar Education, Inc. 1900 W Commercial Blvd Fort Lauderdale, FL 33309 6350 N Andrews Ave Fort Lauderdale, FL 33309 16120 US Highway 19 N A tale of two theories, This website follows the DNPAs code of conduct. 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. Sashidhar Jagdishan is a 55-year-old man with a decent personality. PLAN, Yearly With the lockdown in full effect, we were at home every day, leaving us all more stressed and bored than ever. 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. However, the silver lining was that we now had the time and motivation to showcase our creativity to the world. 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). 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 Reproduction of news articles, photos, videos or any other content in whole or in part in any form Also read: Who will be Aditya Puri's successor? Sashidhar Jagdishan joined the HDFC bank in 1996, after the completion of his masters degree. 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. Why investors are celebrating, Tata Groups talks over $1 billion Bisleri stake stall, Heres why tax-conscious investors can consider ELSS to increase their wealth, Adani says has secured $3 billion credit from sovereign wealth fund: Report. Two Wheeler EMI Calculator. Age : 57. 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. 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 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? With the current situation of a pandemic of global proportions, staying healthy is at the forefront of everyones minds. The soon to-be-head of HDFC Bank was appointed as Chief Financial Officer in the year 2008. Required fields are marked *. Since childhood, he was inclined towards banking services and always wanted to become a successful banker in the future. It is also one of the largest banks with regards to UPI transactions 15 WebCar Loan EMI Calculator. RBI has approved the candidature of Sashidhar Jagdishan as the new MD & CEO of HDFC Bank to replace Aditya Puri, whose term ends on October 26, 2020. 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. PLAN. A-A+; # Shashidhar Jagadeesan # Salary # ICICI Bank; Related Story . Sashidhar Jagdishans peers at other companies are Bosun Adekoya, Nooradlenna Razak, Hatem Elhady, Jonathan Eisenberg, Stephen Collins. Seattle bans caste discrimination: What does the law entail? HDFC Bank's board has given Egon Zehnder a set of attributes to look for in Puri's potential successors. His tenure will be started from October 2020 and he will serve at the post for the next three years. Copyright e-Eighteen.com Ltd. All rights reserved. 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. We do this when you refresh/move back on the browser on any NetBanking page. 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. My successor was always in place, at least in my mind. Download Financial Express App for latest business news. Sashi joined the bank in 1996 as a manager in the finance function and has overall experience of 29 years. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. He has an average body build up with an average physique. He didnt have any tattoo painted on his body. 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. 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. Deadline 15-Mar-2023. Weve done our very best to make these tough times a little easier for you. Insiders say Aditya Puri did little to hide his preference for SashidharJagdishan as his successor, and had been rallying behind him. The applicants must have passed the previous qualifying examination with at least 55% marks. Kaizad Barucha, who has the highest board experience, was the senior-most candidate in the fray. HDFC CEO (Shashidhar Jagadeesan) , . SIP Calculator. 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. Dont miss out on ET Prime stories! Trekking is my other passion. Gold Loan EMI Calculator. In the current scenario, you risk infection every time you step outside. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. At HDFC Bank, Jagdishan currently holds the position ofAdditional Director and Head of Finance, HR. 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. 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. Driven by an experienced board and visionary managing director, Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. Jagdishan will be taking over at a time of increased economic uncertainty amidst the Covid-19 led crisis. Includes DocuBay and TimesPrime Membership. 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. 10,000, LeapToUnicorn - mentoring, networking and fundraising for startups. He was appointed as Chief Financial Officer in 2008, and was replaced bySrinivasan Vaidyanathan in 2019. In 2019 best to make these tough times a little easier for you he was inclined towards banking and. 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