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By 2019, there were over 5000 branches in 2000 cities. Download The Economic Times News App to get Daily Market Updates & Live Business News. We partnered with A.R. Eligibility. Lenders led by the State Bank of India (SBI) that are conducting an annual review of Adani Enterprises Ltd (AEL) have decided to maintain status quo on credit limits sanctioned for Gautam Adanis flagship company, said two people aware of the development. The applicants must have passed the previous qualifying examination with at least 55% marks. Loans On Credit Card EMI Calculator. 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. Deadline 15-Mar-2023. 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. Sanzone said his group completed a $29.15 million private capital raise for Evermore Bank. 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. Experience Your Economic Times Newspaper, The Digital Way! Days Trial "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. With over 29 years of experience, Jagdishan served as the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate He is 5 feet and 9 inches tall and his body weight is around 70 Kg. He is largely credited for turning it into one of Indias most valuable private banks. 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. He follows the Hindu religion and holds an Indian nationality. As a Bank we are certainly sorry for what has happened and have taken this as an opportunity to improve and redouble our efforts to fix this problem for good, HDFC Bank's managing director and CEO, Shashidhar Jagdishan said. Copyright 2023, THG PUBLISHING PVT LTD. or its affiliated companies. In an uncertain environment like this, we believe an internal candidate who is in sync with the outgoing CEO Puri is the right choice. Can Northeast elections alter the battle for Delhi in 2024? Bhavesh Zaveri, another internal candidate, was also screened by the six-member succession committee. Save my name, email, and website in this browser for the next time I comment. About nine per cent of HDFC Banks loan book is under moratorium. 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 HDFC Bank had in April this year recommended Shashidhar Jagdishan, Kaizad Bharucha and Sunil Gargs names for post. HDFC Bank shares were up 4.67% to trade at Rs 1,048 per share. As a result, he completed his masters degree in Economics of Money, Banking, and Finance. Dont miss out on ET Prime stories! Also Read: Adar Poonawalla Wiki, Age, Girlfriend, Wife, Family, Biography & More. 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. Sashidhar Jagdishan Wiki, Age, Girlfriend, Wife, Family, Biography & More, Sudigali Sudheer Age, Net Worth, Girlfriend, Family and Biography (Updated 2023), Mufti Anas Age, Net Worth, Wife, Family and Biography (Updated 2023), Dalton Gomez Age, Net Worth, Wife, Sister, Family, Height and Biography (Updated 2023), Drone Prathap Age, Net Worth, Girlfriend, Family and Biography. Prior to HDFC Bank Aditya Puri was the Chief Executive of Citi Bank, in Malaysia where he handled functions across countries likeGreece, Saudi Arabia, Hong Kong, Korea, Taiwan, India and China. With over 29 years of experience, Jagdishan served as the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate Communications and Corporate Social Responsibility. The action plan will take 10-12 weeks for implementation, and further timeframe will depend on the RBI's inspection. 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. 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. Also, in our marketing with investors across the globe, Sashi was their preferred choice. Sashidhar Jagdishans marital status is married. Our potential successor has been with us for 25 years. Sashidhar Jagdishan is a 55-year-old man with a decent personality. Battle Of The Foldable Smartphones At MWC | Tecno & Oppo Join The Race | Mobile World Congress 2 '2021-22 Was Year Of Milestones For India's Tech Industry', Says NASSCOM President Debjani Ghosh, Invest in high-rated bonds from as low as Rs. The Reserve Bank of India (RBI) has approved the name ofSashidhar Jagdishan for the post of Chief Executive Officer of HDFC Bank, sources said. He has an average body build up with an average physique. At HDFC Bank, Jagdishan currently holds the position ofAdditional Director and Head of Finance, HR. 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. Kaizad Barucha, who has the highest board experience, was the senior-most candidate in the fray. WebOpen HDFC Bank savings account from your home & get insurance cover up to Rs.1.18 Cr*. Counting begins, India can be innovation hub to address global challenges: Bill Gates. We hope that these global evaluations serve as a reminder that we remain committed to providing you the best of banking services, always. We adhered to social distancing norms and also provided people with sanitizers before and after operating the ATM machine. According to the banks official website, Sashidhar Jagdishan joined as a Manager in the Finance department in 1996. 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 Their first office was founded in Maharashtra, India. 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. Two of Indias leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. Even with a lockdown in place, people still need money and often leave home to get it. 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. 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Download Financial Express App for latest business news. Puri's successor Jagdishan was among the top two internal candidates for the top job at HDFC Bank. Axis Bank-Citibank merger complete: What will happen to your Citi credit card, Citi debit card, savings, NRE account, home loan? It has nearly 300 shareholders and 90% of them are local. Linked companies : HDFC Bank Limited. Jagdishan will be taking over at a time of increased economic uncertainty amidst the Covid-19 led crisis. The markets have also welcomed his appointment with the stock up 5% on the back of this development. In addition to the 150 Crores we donated to the PM-CARES Fund, we donated 500 more, every time the video got shared from our social media pages. Straight session the RBI 's inspection my name, email, and further timeframe depend! Elections alter the battle for Delhi in 2024, there were over 5000 branches in 2000 cities of,..., Sashi was their preferred choice we remain committed to providing you best... 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