Sunday, September 27, 2020
News

Sashidhar Jagdishan to take over from Aditya Puri as new HDFC Bank CEO

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Tuesday, 2020 6:15:05 PM IST
In a change of guard at HDFC Bank after 26 years, Reserve Bank of India (RBI) has approved the appointment of Sashidhar Jagdishan as Managing Director and CEO of the Bank for a period of three years.

Jagdishan takes over from Aditya Puri, who had probably one of the longest stints as MD and CEO in the private banking space and even in India Inc as a professional CEO at the helm for 26 years.

Jagdishan's tenure is for three years with effect from his date of taking charge, October 27, 2020, under Section 35B of the Banking Regulation Act 1949.

HDFC Bank informed the stock exchanges that a meeting of the Board of Directors of the Bank will be convened in due course to approve the appointment of Sashidhar Jagdishan as the Managing Director & CEO of the Bank, in place of Aditya Puri, who is due to retire as Managing Director of the Bank on October 26, 2020.

Jagdishan is currently the Group Head of Finance, Human Resources, Legal and Secretarial, Administration, Infrastructure, Corporate Communications, Corporate Social Responsibility & the Strategic Change Agent of the Bank. Sashi has an overall experience of 30 years.

Sashidhar Jagdishan (Sashi) joined the Bank in the year 1996 as a Manager in the Finance function. He became Business Head- Finance in 1999 and was appointed as Chief Financial Officer in the year 2008. He has played a critical role in supporting the growth trajectory of the Bank.

He has led the finance function and played a pivotal role in aligning the organization in achieving the strategic objectives over the years. Prior to joining the Bank, Sashi was a Senior Officer in the Country Financial Control Division of Deutsche Bank, AG, Mumbai. He has completed his graduation in Science with specialization in Physics, and is a Chartered Accountant. He also holds a Master's degree in Economics of Money, Banking & Finance from the University of Sheffield, UK.

--IANS san/in

( 340 Words)

2020-08-04-12:11:13 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
RBI's role in Dhanlaxmi Bank Board shoul...
CFMA says Franklin Templeton knows of FI...
Noted economist Isher Judge Ahluwalia no...
Fiscal package on the cards in the festi...
Sun Pharma's R&D investment around Rs 2,...
Problems in finding a life partner? Let ...
More...
 
INDIA WORLD ASIA
Encounter breaks out in J-K's Awantipora...
'Rail roko' agitation by Kisan Mazdoor S...
No morality involved, it was just desper...
COVID-19 sample testing crosses five lak...
West Bengal allows jatras, cinemas to re...
Odisha: Ahead of monsoon session, MLAs, ...
More...    
 
 Top Stories
GOT stars Rose Leslie, Kit Haringto... 
Ukraine Prez declares mourning day ... 
How NASA is preparing astronauts fo... 
Chris Hemsworth, Miles Teller, Jurn... 
Lakhsmi Vilas Bank shareholders rej... 
Aus PM urges sharing of Covid-19 va... 
Dominant Australia secure T20I seri... 
Sad state of Yamuna pains green war...