HDFC Bank launches second edition: . With the lockdown in full effect, we were at home every day, leaving us all more stressed and bored than ever. 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. The students must be currently studying in Classes 1 to 12 in a private, government, or government-aided school. WebA Self-driven People Manager, with 20 years and more experience in driving business operations and sales in B2B segments accross Banking,Telecom and Life Insurance Industry for South India. 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. He became business head finance in 1999 and was appointed as chief financial officer in 2008. 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. Download The Economic Times News App to get Daily Market Updates & Live Business News. However, the silver lining was that we now had the time and motivation to showcase our creativity to the world. About nine per cent of HDFC Banks loan book is under moratorium. 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. Since then, he has played a pivotal role in supporting the banks growth trajectory and helping the organisation achieve its strategic objectives over the years. 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. Dont miss out on ET Prime stories! The markets have also welcomed his appointment with the stock up 5% on the back of this development. 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. HDFC Bank's board has given Egon Zehnder a set of attributes to look for in Puri's potential successors. Recurring Deposit Calculator. Last year, HDFC Bank had constituted a six-member search committee to replace Puri. The Reserve Bank of India (RBI) has approved the name of Sashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank. Sashidhar Jagdishans marital status is married. 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. He has played a critical role in supporting the growth trajectory of the bank, it further said. 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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. 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. 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. Sashidhar Jagdishan, the current chief executive of HDFC Bank, would continue to lead the merged entity. 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. This facility operated between 10 a.m. and 5 p.m. using sanitized ATM Vans. 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. As a result, he completed his masters degree in Economics of Money, Banking, and Finance. Air India to recruit 900 pilots, 4,200 cabin crew trainees this year, Know how to integrate ChatGPT with WhatsApp, Stocks that will see action on February 24, 2022, IOC plays cupid and matchmaker at workplace, Indiabulls Housing Finances board and management working on simplification of companys structure: Gagan Banga. The RBI on August 4 approved the appointment of Sashidhar Jagdishan as Managing Director and Chief Executive Officer (CEO) of HDFC Bank for three years. "Jagdishan has the necessary skills. The best is yet to come for HDFC Bank," Puri told CNBC-TV18. "Sashidhar is humane; he is motivational; he is a very thorough executor," he added. Age : 57. 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. He has an average body build up with an average physique. Initially, he served as a Manager in the finance function and then promoted at the post of Business Head Finance in 1999. WebSashidhar Jagdishan has been with HDFC Bank for 24 years now. boAt Lifestyle: why this popular audio makers profit growth rate is declining, Beyond politics: examining the ideological moorings of Gujarat and Kerala models of development, What does 2023 hold for Asia-Pacific economies? "Jagdishan has the necessary skills. On December 3, in an unprecedented move the bank was barred from issuing new credit cards and launching any new digital products after multiple issues linked to digital banking, cards and payments on the bank's platform in the last two years. For reprint rights: Adani Enterprises stock up 31% in 2 days. 2-Year We do this when you refresh/move back on the browser on any NetBanking page. Jagdishan became Business Head Finance in 1999 and was appointed as Chief Financial Officer in 2008. Axis Bank-Citibank merger complete: What will happen to your Citi credit card, Citi debit card, savings, NRE account, home loan? 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. Register now. Counting begins, India can be innovation hub to address global challenges: Bill Gates. He is 5 feet and 9 inches tall and his body weight is around 70 Kg. It is now for the Reserve Bank of India to decide, he had said. October 27, 2020, under Section 35B of the Banking Regulation Act 1949," HDFC said in a statement on Tuesday. "Sashidhar is humane; he is motivational; he is a very thorough executor," he added. The soon to-be-head of HDFC Bank was appointed as Chief Financial Officer in the year 2008. You could make payments using just the mobile number of a beneficiary. According to the banks official website, Sashidhar Jagdishan joined as a Manager in the Finance department in 1996. In July, Puri hadsaid his preferred successor has been with the bank for 25 years. Sashidhar Jagdishan has experience of over 29 years and he played a vital role in supporting the growth of the HDFC bank. 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