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

HDFC Bank chief Sashidhar Jagdishan

HDFC Financial institution chief Sashidhar Jagdishan

The Reserve Financial institution of India (RBI) has permitted the re-appointment of Sashidhar Jagdishan because the managing director (MD) and chief govt officer (CEO) of HDFC Financial institution on Tuesday. Jagdish’s re-appointment will stay for 3 extra years till October 26, 2026.

In a regulatory submitting, HDFC Financial institution said that the applying to re-appoint Jagdishan had been filed on March 4 of this yr, and the brand new time period for the CEO will start formally from October 27, 2023.

Jagdishan has over 31 years of expertise and is a chartered accountant. He joined HDFC in 1996 as a supervisor within the monetary operate earlier than turning into the enterprise head of finance in 1999. He was appointed chief monetary officer (CFO) in 2008.

Earlier than he was appointed MD & CEO of the Financial institution, he was additionally the group head of the financial institution along with overseeing the features of finance, human sources, authorized & secretarial, administration, infrastructure, company communications and company social accountability.

Final month, the CEO had said the financial institution’s intention to create one HDFC Financial institution in each 4 years. This was shortly after the Housing Growth Finance Company (HDFC) was merged with HDFC Financial institution, creating the fourth-largest financial institution on the earth with a market capitalisation of $180 billion.

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

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