The search for HDFC Bank’s subsequent CEO to succeed Aditya Puri has finally come to an end with the Reserve Bank of India (RBI) approving the name of Sashidhar Jagdishan as the bank’s new boss, the private sector lender informed the inventory exchange on Tuesday. Aditya Puri who has been related with the private sector lender since it commenced operations back in 1994 is set to retire in October this year. Earlier last month Aditya Puri sold shares of HDFC Bank worth Rs 843 crores.
Sashidhar Jagdishan is presently the Group Head and Change Agent of HDFC Bank. Often referred to as Sashi, he joined the Bank in the year 1996 as a Manager in the Finance feature and later became Business Head- Finance in 1999. The quickly to be head of Housing Development Finance Corporation Limited (HDFC) Bank was once appointed as Chief Financial Officer in the year 2008. Having nearly three decades of experience in the banking industry, Sashidhar Jagdishan is Chartered Accountant (CA) through profession who additionally holds a Master’s degree in Economics of Money, Banking, and Finance.
The outgoing Aditya Pure nurtured the private sector bank from the rudimentary stage as he aimed to create a world-class Indian Bank. Prior to Housing Development Finance Corporation Limited (HDFC) Bank Aditya Puri was the Chief Executive of CitiBank, in Malaysia where he handled features throughout countries like Greece, Saudi Arabia, Hong Kong, Korea, Taiwan, India and China. Aditya Puri too was a Charted Accountant by profession who studied commerce from Panjab University.
HDFC Bank had in April this year recommended Sashidhar Jagdishan, Kaizad Bharucha and Sunil Garg’s names for post. The latest improvement lifts the veil on who will be main India’s biggest private sector bank out of the woods in the coming fiscal year (FY)after the corona virus caused financial slowdown has put the banking sector in stress. HDFC Bank shares were up 4.67 percentage to trade at Rs 1,048 per share.
