Active Stocks
Thu Sep 28 2023 10:51:23
  1. Tata Steel share price
  2. 128.7 0.43%
  1. Tata Consultancy Services share price
  2. 3,577 -0.3%
  1. Mahindra & Mahindra share price
  2. 1,578.7 -0.72%
  1. Power Grid Corporation Of India share price
  2. 201.35 1.03%
  1. NTPC share price
  2. 240.4 0.44%
Business News/ Companies / People/  Sashidhar Jagdishan's re-appointment as HDFC Bank MD and CEO gets RBI approval

Sashidhar Jagdishan's re-appointment as HDFC Bank MD and CEO gets RBI approval

RBI approves re-appointment of Sashidhar Jagdishan as MD & CEO of HDFC Bank for three more years.

Sashidhar Jagdishan (MINT_PRINT)Premium
Sashidhar Jagdishan (MINT_PRINT)

The Reserve Bank of India has approved the re-appointment of Sashidhar Jagdishan as HDFC Bank MD & CEO |for a period of three more years and he will remain at the post till 26 October 2026.

In a regulatory filing, HDFC Bank said,"In continuation of our intimation dated March 4, 2023, we wish to inform you that pursuant to an application which was made by the Bank to the Reserve Bank of India (“RBI") upon recommendation of the Bank’s Board of Directors in this regard, the RBI vide its communication dated September 18, 2023, has approved the re-appointment of Mr. Sashidhar Jagdishan (DIN: 08614396) as the Managing Director and Chief Executive Officer of the Bank for a period of 3 (three) years w.e.f. October 27, 2023 to October 26, 2026."

Sashidhar Jagdishan has an overall experience of over thirty-one (31) years. Mr. Jagdishan has completed his graduation in Science with specialization in Physics, is a Chartered Accountant by profession and holds a Master’s degree in Economics of Money, Banking & Finance from the University of Sheffield, United Kingdom. He joined the Bank in 1996 as a Manager in the Finance function. He became Business Head - Finance in 1999 and was appointed as Chief Financial Officer in 2008. He played a critical role in supporting the growth trajectory of the Bank, and led the finance function with a pivotal role in aligning the organization in achieving the strategic objectives over the years. Prior to his appointment as Managing Director & Chief Executive Officer of the Bank, he was the Group Head of the Bank in addition to overseeing the functions of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate Communications and Corporate Social Responsibility.

Jagdishan is not debarred from holding office of director by virtue of any SEBI order or any other such authority. He is not related to any director or Key Managerial Personnel of the Bank.

"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Updated: 19 Sep 2023, 05:18 PM IST
Next Story
Recommended For You
Switch to the Mint app for fast and personalized news - Get App