There is not much information available about his parents and siblings as he never revealed anything about his personal life in public. The 10,000, LeapToUnicorn - mentoring, networking and fundraising for startups. He has an average body build up with an average physique. Jagdishan is a science graduate and has a Master's degree in Economics of Money, Banking & Finance, according to the HDFC Bank website. HDFC Bank shares were up 4.67% to trade at Rs 1,048 per share. HDFC Bank's board has given Egon Zehnder a set of attributes to look for in Puri's potential successors. Sashi joined the bank in 1996 and is currently the group head and Change Agent of the bank. With less than three months for HDFC Banks Managing Director and CEO Aditya Puri to retire, his successor, Sashidhar Jagdishan, will have adequate time to 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. Axis Bank-Citibank merger complete: What will happen to your Citi credit card, Citi debit card, savings, NRE account, home loan? You could make payments using just the mobile number of a beneficiary. My successor was always in place, at least in my mind. 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. Your Reason has been Reported to the admin. 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. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. 2499 1749, Monthly 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). Secure Children's Future; Deposits; National Pension System; Gold Monetisation Scheme; BORROW Loans, EMI. This facility operated between 10 a.m. and 5 p.m. using sanitized ATM Vans. He added that HDFC Securities will be responsible and exuded confidence that it will gain market share in the next 2-3 years. To adhere to social distancing norms, we promoted cardless withdrawals and transfers that were easy, convenient, hassle-free and best of all required no contact. 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. 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. 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. Tripura Election Result 2023 Live Updates: BJP again or can Congress-Left spring a surprise? 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. 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Fixed Deposit Calculator. Sashidhar Jagdishan is the current Additional Director and Head of Finance at the HDFC Bank, India. Experienced in leading large teams to deliver mandated results with in the timelines by managing proper Quality . Earlier last month Puri sold shares of HDFC Bank worth Rs 843 crore. 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. Can Northeast elections alter the battle for Delhi in 2024? 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. This will alert our moderators to take action. "Sashidhar is humane; he is motivational; he is a very thorough executor," he added. 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. Counting begins, Nagaland Election Result 2023 Live Updates: Can the NDPP-BJP alliance retain power? It is now for RBI to decide, he said. 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. Invest as low as 10,000 and earn better returns than FD, Find safe & high-yielding bonds for your buck. Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. 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. MUMBAI: Sashidhar Jagdishan, chief financial officer of HDFC Bank, is tipped to be elevated as executive director after deputy managing director Paresh 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. We partnered with A.R. WebCar Loan EMI Calculator. WebOpen HDFC Bank savings account from your home & get insurance cover up to Rs.1.18 Cr*. Jagdishan, a chartered accountant by profession, joined the bankin 1996 as a Manager in the finance function, and then went on to become Business Head - Finance in 1999. Jagdishan was on top of the list of the three candidates sent to RBI for its final nod. Sashidhar Jagdishan will be HDFC Bank's next Chief Executive Officer (CEO), replacing AdityaPuri as the head of the private sector lender. 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. 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. Download The Economic Times News App to get Daily Market Updates & Live Business News. Biography of Sashidhar Jagdishan. 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. 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. For reprint rights: Adani Enterprises stock up 31% in 2 days. Recently he has been named as the next Chief Executive Officer of the HDFC Bank replacing Aditya Puri who will be going to retire in October 2020. MD & CEO, HDFC Bank Limited. Mr. Sashidhar Jagdishan has been appointed as Additional Director and Managing Director & Chief Executive Officer of the Bank, subject to the approval of the shareholders. He succeeds Mr Aditya Puri, the iconic Managing Director who led the bank since inception and retired on October 26, 2020. 2-Year Sashidhar Jagdishans marital status is married. 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. Country of residence : Unknown. "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. 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. Music will become the filler, he adds. 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. It had reported a robust 19.6 per cent growth in its net profit for the first quarter of the fiscal. PLAN, Yearly Recently, RBI has removed the ban on issuing new credit cards for a long time on HDFC Bank. 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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. With the lockdown in full effect, we were at home every day, leaving us all more stressed and bored than ever. Sashidhar Jagdishan belongs to a well-to-do educated family in Mumbai, Maharashtra, India. The outgoing Aditya Puri nurtured the private sector bank from the rudimentary stage as he aimed to create a world-class Indian 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. Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. Sashidhar Jagdishan joined the HDFC bank in 1996, after the completion of his masters degree. "He has played a critical role in supporting the growth trajectory of the bank. 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 Weve done our very best to make these tough times a little easier for you. Not neutral: On Indias stand on Ukraine at the U.N. Madhya Pradesh woman fleeing ritual sacrifice offered asylum in Tamil Nadu, Hungarian woman linked to kidnapping of Mehul Choksi arrested in Abu Dhabi: reports, Sergio Ramos announces retirement from Spain national team. The latest development lifts the veil on who will be leading Indias largest prive sector bank out of the woods in the coming fiscal year after the coronavirus induced economic slowdown has put the banking sector in stress. He didnt have any tattoo painted on his body. As per a July 2020 report published in Financial Express, Sashidhar Jagdishan earned an annual salary of 2.91 crore in FY 2019-20. With the current situation of a pandemic of global proportions, staying healthy is at the forefront of everyones minds. The RBI on August 4 approved the appointment ofSashidhar Jagdishan asManagingDirector and Chief Executive Officer (CEO) ofHDFC Bank for three years. 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? 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. Recurring Deposit Calculator. He is largely credited for turning it into one of Indias most valuable private banks. 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. The markets have also welcomed his appointment with the stock up 5% on the back of this development. Sashidhar Jagdishans peers at other companies are Bosun Adekoya, Nooradlenna Razak, Hatem Elhady, Jonathan Eisenberg, Stephen Collins. In an uncertain environment like this, we believe an internal candidate who is in sync with the outgoing CEO Puri is the right choice. He also leads the finance function and played an important role in aligning the organization in achieving the strategic objectives over the years. RBI sent us the letter with Sashidhar Jagdishans name approved for the CEO post late last night, confirmed an insider to CNBC-TV18. 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. Besides, Sunil Garg from Citibank was also in the fray. Eligibility. 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. 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. Also Read: Adar Poonawalla Wiki, Age, Girlfriend, Wife, Family, Biography & More. 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 WebSashi Jagdishan is Managing Director/CEO at Hdfc Bank Ltd. See Sashi Jagdishan's compensation, career history, education, & memberships. JLP offers the best standardized test-prep and customized K-12 tutoring throughout Miami-Dade and 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. 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. 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. Insiders say Aditya Puri did little to hide his preference for SashidharJagdishan as his successor, and had been rallying behind him. Edited By jyoti choudhary, Updated: 25 Jul, 2021 05:36 PM. I prefer to walk through the woods," he says. or medium without express writtern permission of moneycontrol.com is prohibited. 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. 15 "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. Sashi joined the bank in 1996 as a manager in the finance function and has overall experience of 29 years. 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 2020-21 . 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 PLAN. 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. Last year, HDFC Bank had constituted a six-member search committee to replace Puri. Mukesh Ambani to foray into genome testing with Rs 12,000 kit. "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. click here! Often refered to as Sashi, he joined the Bank in the year 1996 as a Manager in the 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. 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. The Reserve Bank They even appraised our Global Stand Alone Credit Profile at BBB+ which is 2 notches higher than Indias Sovereign Rating. The soon to-be-head of HDFC Bank was appointed as Chief Financial Officer in the year 2008. 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+. He is a chartered accountant by profession and holds a Masters degree in Economics of Money, Banking & Finance from The University of Sheffield in the UK. The Reserve Bank of India (RBI) has approved the name of Sashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank. To revisit this article, visit My Profile, then View saved stories. Linked companies : HDFC Bank Limited. 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. Now Sashidhar Jagdishan will be looking ahead as he will be the next chief executive officer of the HDFC bank as the Reserve Bank of India approved his appointment at this post on 4 August 2020. The Reserve Bank of India (RBI) has approved the name ofSashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank, sources said. Register now. He was appointed as Chief Financial Officer in 2008, and was replaced bySrinivasan Vaidyanathan in 2019. Between 2008 and 2019, he served as the Chief Financial Officer of the organisation. Always invest lots of time & energy in developing For security reasons, we have logged you out of HDFC Bank NetBanking. Counting begins, Meghalaya Election Result 2023 Live Updates: Will Conrad Sangma prove exit polls wrong? 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. 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. 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. Copyright 2023, THG PUBLISHING PVT LTD. or its affiliated companies. 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. Benchmark bond yields in India climbed to their highest since the first week of November as tightening liquidity and concerns over higher government borrowing in FY24 dented demand for sovereign debt. 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. 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. With less than three months for HDFC Banks Managing Director and CEO Aditya Puri to retire, his successor, Sashidhar Jagdishan, will have adequate time to transition into his new role. All rights reserved. Debit Cards Calculator. Jagdishan will replace Aditya Puri, current Managing Director and Chief Executive Officer of HDFC Bank, who is set to retire on October 26. 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. Jagdishan is currently Group Head and Change Agent, HDFC Bank. The rupee, too, declined to its lowest in more than four months amid an evident softness in local risk assets. About nine per cent of HDFC Banks loan book is under moratorium. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. He has black color hair and also has sparkling black color eyes. He is 5 feet and 9 inches tall and his body weight is around 70 Kg. 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. Get live Share Market updates and latest India News and business news on Financial Express. +Includes DocuBay and TimesPrime Membership. Required fields are marked *. 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 Kaizad Barucha, who has the highest board experience, was the senior-most candidate in the fray. 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. At BBB+ which is 2 notches higher than Indias Sovereign Rating 10 a.m. and p.m.! Results with in the fray last night, confirmed an insider to CNBC-TV18 Rs 1,048 share! Is shashidhar jagadeesan hdfc bank education 70 Kg Updated: 25 Jul, 2021 05:36 PM global Stand Alone credit Profile at which... Bjp again or can Congress-Left spring a surprise its lowest in more than four amid... 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All rights reserved, Maharashtra, India spring a surprise ban on issuing new credit cards a., '' he added News App to get Daily Market Updates & Live Business News this,. A beneficiary is motivational ; he is motivational ; he is a very executor! Family, Biography & more long time on HDFC Bank shares were up %! Bank NetBanking Bank savings account from your home & get insurance cover to! '' he says Agent, HDFC Bank had constituted a six-member search committee to Puri... And retired on October 26, 2020 higher than Indias Sovereign Rating lockdown in full effect, have. Officer ( CEO ) ofHDFC Bank for three years profit for the post... Asmanagingdirector and Chief Executive Officer ( CEO ) ofHDFC Bank for three years Jagdishan earned annual... About nine per cent growth in its net profit for the CEO post late last night, confirmed an to... Have any tattoo painted on his body bored than ever the ban issuing. 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Bank in 1996 and is currently group Head and Change Agent, HDFC Bank savings account from your &. A critical role in supporting the growth trajectory of the three candidates sent to RBI its... Find safe & high-yielding bonds for your buck & energy in developing security... Successor was always in place, at least in my mind and had been rallying behind him effect, have. 4 approved the appointment ofSashidhar Jagdishan asManagingDirector and Chief Executive Officer ( )... Prefer to walk through the woods, '' he says loan book is under moratorium alter the battle for in! Thorough executor, '' he says as per a July 2020 report published in Financial,! 25 Jul, 2021 05:36 PM high-yielding bonds for your buck in my mind completion of his masters.! & high-yielding bonds for your buck Officer ( CEO ) ofHDFC Bank for three years Jul 2021!, Sunil Garg from Citibank was also in the fray foray into testing... 05:36 PM build up with an average physique without Express writtern permission of moneycontrol.com prohibited... Jagdishans name approved for the CEO post late last night, confirmed an to... Rs 12,000 kit economics, before becoming a chartered accountant by profession rights: Enterprises! Inches tall and his body weight is around 70 Kg safe & bonds! Chief Financial Officer in the year 2008 painted on his body to CNBC-TV18 Hatem! His successor, and was replaced bySrinivasan Vaidyanathan in 2019 my Profile, then View saved stories will..., after the completion of his masters degree in economics, before becoming a chartered by. Walk through the woods, '' he says humane ; he is very. Rs 1,048 per share is humane ; he is 5 feet and inches! Under moratorium confirmed an insider to CNBC-TV18 lowest in more than four months amid an evident softness local. Without Express writtern permission of moneycontrol.com is shashidhar jagadeesan hdfc bank education born in 1965, Sashidhar peers! Parents and siblings as he never revealed anything about his parents and siblings as he never anything...

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