Sashidhar Jagdishan to succeed Aditya Puri as HDFC Bank CEO

He joined the Bank in the 1996 and heads finance, human resources, and other departments

After months of speculation, HDFC Bank on Tuesday named Sashidhar Jagdishan new managing director and chief executive officer (CEO) who would take over from India’s longest-serving CEO Aditya Puri when he retires on October 26.

Jagdishan, 55, joined the bank in 1996 and heads finance, human resources, and some other departments. In August last year, he was named “change agent” in the bank, and it is understood he had the strong backing of Puri as successor.  Kaizad Bharucha, head of HDFC’s wholesale banking division, and Sunil Garg of Citibank were among the other candidates in the race for the post.