Categories: Business

Sashidhar Jagdishan to be appointed as new MD and CEO of HDFC Bank, RBI

Photo: INDIANEXPRESS

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

new Delhi. Top management is going to change after 26 years at HDFC Bank. The Reserve Bank of India (RBI) has approved the proposal to appoint Sasidhar Jagadishan as the new Managing Director and CEO of HDFC Bank. Sasidhar will be appointed as the new CEO of the bank for three years. Jagadishan will replace Aditya Puri, who has probably been the longest MD and CEO in a private bank.

Jagadishan's 3-year tenure will begin from the date he assumed the new position under the Banking Regulation Act 1949, he will take charge on October 27, 2020. HDFC Bank told the stock exchanges that a meeting of the board of directors of the bank would be held, approving the proposal to appoint Sasidhar Jagadishan as the new MD and CEO of the bank. He will replace Aditya Puri, who is retiring as the managing director of the bank on October 26, 2020.

Jagadishan is currently the Group Head of the Bank's Finance, Manas Resources, Legal and Secretarial, Administration, Infrastructure, Corporate Communications, Corporate Social Responsibility and Strategic Change Agent. He has 30 years of experience in the banking industry.

Sasidhar Jagadishan joined the bank as a manager in the finance function in 1996. In 1999, he became Business Head-Finance and in 2008 was appointed Chief Financial Officer. He has played a major role in the development of the bank.

This post was published on August 4, 2020 2:20 pm

Content Team

Recent Posts

Ban on gaming apps hopes for opportunity for domestic sector

Photo: MEDIATEK online gaming new Delhi. The government has banned 118 apps keeping in mind the security of the country.…

India august gold imports double to hit 8 months peak says source

Photo: TIMESOFINDIA gold import at 8 months high new Delhi. The economy is now looking forward to a gradual recovery.…

Coal India Q1 profit plunges 55 percent YoY

Photo: GOOGLE Coal India Q1 result new Delhi. Coal India's profit fell 55 per cent in the first quarter to…