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. Linked companies : HDFC Bank Limited. Besides, Sunil Garg from Citibank was also in the fray. HDFC Bank's board has given Egon Zehnder a set of attributes to look for in Puri's potential successors. Counting begins, Meghalaya Election Result 2023 Live Updates: Will Conrad Sangma prove exit polls wrong? 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. Get live Share Market updates and latest India News and business news on Financial Express. We adhered to social distancing norms and also provided people with sanitizers before and after operating the ATM machine. 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Sashidhar Jagdishans peers at other companies are Bosun Adekoya, Nooradlenna Razak, Hatem Elhady, Jonathan Eisenberg, Stephen Collins. All rights reserved. In his recent interaction with Business Today, Puri said he has "enjoyable plans" for the retirement life. Secure Children's Future; Deposits; National Pension System; Gold Monetisation Scheme; BORROW Loans, EMI. Since childhood, he was inclined towards banking services and always wanted to become a successful banker in the future. Social distancing was the need of the hour, and so we needed to create a symbol to remind people of this. 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. To read full story, subscribe to ET Prime, Billed annually at The Reserve Bank Shashidhar Jagdishan is currently the Group Head and Change Agent of HDFC Bank. After a 25-year-long illustrious career, Aditya Puri, 69, will retire but he is ready for the second innings. WebOpen HDFC Bank savings account from your home & get insurance cover up to Rs.1.18 Cr*. Experience Your Economic Times Newspaper, The Digital Way! Even with a lockdown in place, people still need money and often leave home to get it. We hope that these global evaluations serve as a reminder that we remain committed to providing you the best of banking services, always. He was appointed as Chief Financial Officer in 2008, and was replaced bySrinivasan Vaidyanathan in 2019. SIP Calculator. Initially, he served as a Manager in the finance function and then promoted at the post of Business Head Finance in 1999. Days Trial This will alert our moderators to take action. Jagdishan will be taking over at a time of increased economic uncertainty amidst the Covid-19 led crisis. Our potential successor has been with us for 25 years. 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 rupee, too, declined to its lowest in more than four months amid an evident softness in local risk assets. Jagdishan is a science graduate and has a Master's degree in Economics of Money, Banking & Finance, according to the HDFC Bank website. 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. 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. 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. Your email address will not be published. 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Fixed Deposit Calculator. 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. It has nearly 300 shareholders and 90% of them are local. 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. HDFC 2020-21 . It is also one of the largest banks with regards to UPI transactions with 179.5 million transactions processed through its system in October. 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. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. WebCar Loan EMI Calculator. He is 5 feet and 9 inches tall and his body weight is around 70 Kg. 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. Jagdishan will replace Aditya Puri, current Managing Director and Chief Executive Officer of HDFC Bank, who is set to retire on October 26. Driven by an experienced board and visionary managing director, The best is yet to come for HDFC Bank," Puri told CNBC-TV18. HDFC CEO (Shashidhar Jagadeesan) , . Download The Economic Times News App to get Daily Market Updates & Live Business News. 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. MUMBAI: Sashidhar Jagdishan, chief financial officer of HDFC Bank, is tipped to be elevated as executive director after deputy managing director Paresh 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. his date of taking charge, i.e. With the lockdown in full effect, we were at home every day, leaving us all more stressed and bored than ever. 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. 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. 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. Cash pickup, cash drop and cheque pickup services can be requested from the comfort of home. Two Wheeler EMI Calculator. Loans On Credit Card EMI Calculator. HDFC Bank is the largest credit card issuer with 1.49 crore cards is use according to RBI data. 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. 2-Year Axis Bank-Citibank merger complete: What will happen to your Citi credit card, Citi debit card, savings, NRE account, home loan? The Reserve Bank of India (RBI) has approved the name ofSashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank, sources said. With us for 25 years 's potential successors Director, the best of banking services and always wanted to a. He is 5 feet and 9 inches tall and his body weight is around 70 Kg adhered to distancing. People still need money and often leave home to get Daily Market Updates & Live Business News innings. And was replaced bySrinivasan Vaidyanathan in 2019 Director, the iconic Managing Director, the iconic Managing,! Share Market Updates & Live Business News % of them are local plans '' the! 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