Locality Bank. 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. The loan moratorium is set to get over at the end of the month and banks will begin to get a better picture of repayments and stressed assets. By 2019, there were over 5000 branches in 2000 cities. 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. After a 25-year-long illustrious career, Aditya Puri, 69, will retire but he is ready for the second innings. For reprint rights: Syndications Today, Sashidhar Jagdishan appointed new HDFC Bank CEO; RBI gives go ahead, 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, Posted by: Manoj Sharma, Aug 04, 2020, 10:11 AM IST, Who will be Aditya Puri's successor? 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In an uncertain environment like this, we believe an internal candidate who is in sync with the outgoing CEO Puri is the right choice. 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. "Sashidhar is humane; he is motivational; he is a very thorough executor," he added. October 27, 2020, under Section 35B of the Banking Regulation Act 1949," HDFC said in a statement on Tuesday. It is also one of the largest banks with regards to UPI transactions with 179.5 million transactions processed through its system in October. Download Financial Express App for latest business news. 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. He has black color hair and also has sparkling black color eyes. Earlier last month Puri sold shares of HDFC Bank worth Rs 843 crore. 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. We also used the song to encourage people to contribute to the PM-CARES Fund and support the nation in these trying times. He didnt have any tattoo painted on his body. Find & Invest in bonds issued by top corporates, PSU Banks, NBFCs, and much more. Save my name, email, and website in this browser for the next time I comment. The action plan will take 10-12 weeks for implementation, and further timeframe will depend on the RBI's inspection. Puri's successor Jagdishan was among the top two internal candidates for the top job at HDFC Bank. Born in 1965, Sashidhar Jagdishans age is 55 years as of 2020. 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. 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. For reprint rights: Adani Enterprises stock up 31% in 2 days. HDFC Bank's board has given Egon Zehnder a set of attributes to look for in Puri's potential successors. 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. 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. It has nearly 300 shareholders and 90% of them are local. Copyright 2023, THG PUBLISHING PVT LTD. or its affiliated companies. He is 5 feet and 9 inches tall and his body weight is around 70 Kg. This facility operated between 10 a.m. and 5 p.m. using sanitized ATM Vans. Sashidhar Jagdishans peers at other companies are Bosun Adekoya, Nooradlenna Razak, Hatem Elhady, Jonathan Eisenberg, Stephen Collins. Copyright e-Eighteen.com Ltd. All rights reserved. With the lockdown in full effect, we were at home every day, leaving us all more stressed and bored than ever. Car Loan BT Top-Up Calculator. In his recent interaction with Business Today, Puri said he has "enjoyable plans" for the retirement life. or medium without express writtern permission of moneycontrol.com is prohibited. 2014-15 a comeback year for the Indian rupee despite US dollar surge, Switched jobs in middle of the year? Initially, he served as a Manager in the finance function and then promoted at the post of Business Head Finance in 1999. 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. 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. Last year, HDFC Bank had constituted a six-member search committee to replace Puri. Seattle bans caste discrimination: What does the law entail? 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. We do this when you refresh/move back on the browser on any NetBanking page. 12 were here. Invest as low as 10,000 and earn better returns than FD, Find safe & high-yielding bonds for your buck. Copyright 2023 Bennett, Coleman & Co. Ltd. All rights reserved. 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. "I will play my favourite game, golf. Get live Share Market updates and latest India News and business news on Financial Express. 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 Your email address will not be published. {{NavBarAdvancedController.userName.split(' ')[0]}}, Remittance (International Money Transfers ), Recommended Portfolio Equity and Debt Mutual Funds, Credit Debit INR Prepaid Card System Upgrade, Non-Withdrawable-Interest-Rates-for-2 Cr-above, Use Of Unparliamentary Language By Customers, Visa/ MasterCard SecureCode/ Netsafe/ RuPay PaySecure. 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 confirmed to CNBC-TV18. CNBCTV18 EXCLUSIVE: RBI approves Sashidhar Jagdishan's name for CEO of HDFC Bank. At HDFC Bank, Jagdishan currently holds the position ofAdditional Director and Head of Finance, HR. About nine per cent of HDFC Banks loan book is under moratorium. HDFC Bank launches second edition: . Sashi joined the bank in 1996 and is currently the group head and Change Agent of the bank. As a result, he completed his masters degree in Economics of Money, Banking, and Finance. To read full story, subscribe to ET Prime, Billed annually at Gold Loan EMI Calculator. 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 . Country of residence : Unknown. What worked in favour of Sashidhar Jagdishan to get HDFC Banks top job? CNBC-TV18 is awaiting HDFC Banks response to this story. Between 2008 and 2019, he served as the Chief Financial Officer of the organisation. Days Trial. There is not much information available about his parents and siblings as he never revealed anything about his personal life in public. Two of Indias leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. 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. 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. 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. 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. Required fields are marked *. As per a July 2020 report published in Financial Express, Sashidhar Jagdishan earned an annual salary of 2.91 crore in FY 2019-20. +Includes DocuBay and TimesPrime Membership. He became business head finance in 1999 and was appointed as chief financial officer in 2008. Sanzone said his group completed a $29.15 million private capital raise for Evermore Bank. In the current scenario, you risk infection every time you step outside. He has an average body build up with an average physique. The beneficiary doesnt need to have an HDFC Account, and can withdraw cash without credit or debit card. Insiders say Aditya Puri did little to hide his preference for SashidharJagdishan as his successor, and had been rallying behind him. 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. 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. They had a WebSashidhar Jagdishan. 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. This website follows the DNPAs code of conduct, Hydra Market clocked highest revenue among darknet markets for 2022: Blog, Nifty to top 17600 or will bears take over D-St? Days Trial 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. With the current situation of a pandemic of global proportions, staying healthy is at the forefront of everyones minds. Tripura Election Result 2023 Live Updates: BJP again or can Congress-Left spring a surprise? Sashidhar Jagdishan, the current chief executive of HDFC Bank, would continue to lead the merged entity. A tale of two theories, This website follows the DNPAs code of conduct. Loans On Credit Card EMI Calculator. 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. 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. Eligibility. We hope that these global evaluations serve as a reminder that we remain committed to providing you the best of banking services, always. Based on the satisfaction level, the regulator will lift the ban, the official said at an analysts meet. 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 The best is yet to come for HDFC Bank," Puri told CNBC-TV18. Sashidhar Jagdishan is a 55-year-old man with a decent personality. Vice President, Finance at HDFC Bank Mr. Sashidhar Jagdishan holds a Bachelor of Science degree in Physics from the University of Mumbai and a Masters in Economics of Money, Banking an Read More Contact Sashi Jagdishan's Phone Number and Email Last Update 11/7/2022 9:24 PM Email s***@hdfcbank.com Engage via Email 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. It is now for the Reserve Bank of India to decide, he had said. 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