The 2499 1749, Monthly Recurring Deposit Calculator. Tripura Election Result 2023 Live Updates: BJP again or can Congress-Left spring a surprise? You could make payments using just the mobile number of a beneficiary. Our potential successor has been with us for 25 years. Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. 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. Based on the satisfaction level, the regulator will lift the ban, the official said at an analysts meet. Trekking is my other passion. "I will play my favourite game, golf. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. The six-member search committee comprised of Chairman of the bank Shyamala Gopinath, board members Sanjiv Sachar, MD Ranganath, Sandeep Parekh, Srikanth Nadhamuni, and Renu Karnad from HDFC Ltd, with Puri himself acting as an advisor. RBI sent us the letter with Sashidhar Jagdishans name approved for the CEO post late last night, confirmed an insider to CNBC-TV18. It is now for the Reserve Bank of India to decide, he had said. 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-A+; # Shashidhar Jagadeesan # Salary # ICICI Bank; Related Story . Besides, Sunil Garg from Citibank was also in the fray. Also read: Who will be Aditya Puri's successor? It had reported a robust 19.6 per cent growth in its net profit for the first quarter of the fiscal. Experience Your Economic Times Newspaper, The Digital Way! 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 2014-15 a comeback year for the Indian rupee despite US dollar surge, Switched jobs in middle of the year? 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. October 27, 2020, under Section 35B of the Banking Regulation Act 1949," HDFC said in a statement on Tuesday. 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. CNBC-TV18 is awaiting HDFC Banks response to this story. What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? Sashidhar Jagdishan WebHowever, for this one will have to wait till the merger of HDFC Bank and HDFC. Axis Bank-Citibank merger complete: What will happen to your Citi credit card, Citi debit card, savings, NRE account, home loan? The Reserve Bank What is the debate around it? He added that HDFC Securities will be responsible and exuded confidence that it will gain market share in the next 2-3 years. Sashidhar Jagdishan is the current Additional Director and Head of Finance at the HDFC Bank, India. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. 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. Music will become the filler, he adds. Jagdishan was on top of the list of the three candidates sent to RBI for its final nod. Also read:What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? According to the plan, the bank will open 1,500 to 2,000 branches every year. Country of residence : Unknown. 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. 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. There is no information available about his wife and children. 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. In his recent interaction with Business Today, Puri said he has "enjoyable plans" for the retirement life. We are pleased to let you know that on 17th April 2020, a renowned Global Rating Agency, Standard & Poors reaffirmed its international rating for HDFC Bank at BBB- / A3 with a Stable outlook. We are doing our best so that you can stay home and stay safe, and to do so, we had to bring the things you needed to your doorstep. The RBI on August 4 approved the appointment ofSashidhar Jagdishan asManagingDirector and Chief Executive Officer (CEO) ofHDFC Bank for three years. Gold Loan EMI Calculator. This is his present net worth, Here's a list of 6 wealthiest South Indian veteran actors, Mukarram Jah: The eighth Nizam of Hyderabad who had a net worth of Rs 100 Crores, BK Goenka buys a penthouse worth Rs 240 Cr in India's costliest apartment deal, Bajaj family have bought 5 apartments worth Rs 104 Crore in Mumbai, Shark Tank India 2 judge Anupam Mittal's Rs 185 Crore net worth. "He has played a critical role in supporting the growth trajectory of the bank. Often refered to as Sashi, he joined the Bank in the year 1996 as a Manager in the The soon to-be-head of HDFC Bank was appointed as Chief Financial Officer in the year 2008. HDFC Bank shares were up 4.67% to trade at Rs 1,048 per share. All rights reserved. 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. or medium without express writtern permission of moneycontrol.com is prohibited. Between 2008 and 2019, he served as the Chief Financial Officer of the organisation. PLAN, Yearly Register now. Sashi comes with a very diverse experience having handled multiple functions in the bank and hence we believe he is the appropriate choice. 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. 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. Mukesh Ambani to foray into genome testing with Rs 12,000 kit. Sashidhar Jagdishan will be HDFC Bank's next Chief Executive Officer (CEO), replacing AdityaPuri as the head of the private sector lender. 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. 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. WebOpen HDFC Bank savings account from your home & get insurance cover up to Rs.1.18 Cr*. 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. 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. 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. Locality Bank. Download Financial Express App for latest business news. S&P has said, and we quote, Overall, we believe HDFC Banks individual creditworthiness is significantly stronger than the average of the Indian Banking Sector, reflected in its SACP of BBB+. Weve done our very best to make these tough times a little easier for you. 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). 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. He was appointed as Chief Financial Officer in 2008, and was replaced bySrinivasan Vaidyanathan in 2019. They even appraised our Global Stand Alone Credit Profile at BBB+ which is 2 notches higher than Indias Sovereign Rating. Our doorstep banking ensures a safe and convenient banking experience right at your doorstep. 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. "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. 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. 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. Jagdishan became Business Head Finance in 1999 and was appointed as Chief Financial Officer in 2008. 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. Jan 24, 2023, 16:40 ET. He is 5 feet and 9 inches tall and his body weight is around 70 Kg. This ensures continuity and stability. After a 25-year-long illustrious career, Aditya Puri, 69, will retire but he is ready for the second innings. WebHDFC bank is a branch of HDFC. Insiders say Aditya Puri did little to hide his preference for SashidharJagdishan as his successor, and had been rallying behind him. Copyright e-Eighteen.com Ltd. All rights reserved. The action plan will take 10-12 weeks for implementation, and further timeframe will depend on the RBI's inspection. +Includes DocuBay and TimesPrime Membership. It is also one of the largest banks with regards to UPI transactions 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. 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. The markets have also welcomed his appointment with the stock up 5% on the back of this development. Linked companies : HDFC Bank Limited. Even with a lockdown in place, people still need money and often leave home to get it. Puri's successor Jagdishan was among the top two internal candidates for the top job at HDFC Bank. 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. Diverse experience having handled multiple functions in the fray also read: What worked in favour Sashidhar... Your doorstep around it and children for implementation, and further timeframe will depend on the back this. 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