RBI okays re-appointment of Sashidhar Jagdishan as CEO of HDFC Bank

Sashidhar Jagdishan has been re-appointed for three years, commencing on from October 27 to October 26, 2026

HDFC Bank chief Sashidhar Jagdishan

HDFC Bank chief Sashidhar Jagdishan

BS Web Team New Delhi

Listen to This Article

The Reserve Bank of India (RBI) has approved the re-appointment of Sashidhar Jagdishan as the managing director (MD) and chief executive officer (CEO) of HDFC Bank on Tuesday. Jagdish's re-appointment will remain for three more years until October 26, 2026.
In a regulatory filing, HDFC Bank stated that the application to re-appoint Jagdishan had been filed on March 4 of this year, and the new term for the CEO will begin officially from October 27, 2023.
Jagdishan has over 31 years of experience and is a chartered accountant. He joined HDFC in 1996 as a manager in the financial function before becoming the business head of finance in 1999. He was appointed chief financial officer (CFO) in 2008.

Also Read

Aim is to create one HDFC Bank in every four years: CEO Sashi Jagdishan

HDFC Bank chief Jagdishan flags funding risk in first post-merger AGM

How HDFC merger impacts home loan borrowers, FD investors, account holders

RBI MPC: Repo rate decision by Governor Das today; here's what to expect

RBI Policy: With unanimous vote, MPC keeps repo rate unchanged at 6.5%

Jupiter ropes in Swiggy's Anuj Rathi as chief product and marketing officer

MasterCard appoints former SBI chief Rajnish Kumar as chairman

RBI approves re-appointment of Sandeep Bakhshi as ICICI Bank MD & CEO

United Breweries brings on Vivek Gupta as MD & CEO from September 25

Who is Chang Chung-Ling: Chinese link featured in OCCRP report on Adani

Before he was appointed MD & CEO of the Bank, he was also 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.
Last month, the CEO had stated the bank's intention to create one HDFC Bank in every four years. This was shortly after the Housing Development Finance Corporation (HDFC) was merged with HDFC Bank, creating the fourth-largest bank in the world with a market capitalisation of $180 billion.

First Published: Sep 19 2023 | 7:01 PM IST

Explore News