RBI approves re-appointment of Sashidhar Jagdishan as MD, CEO of HDFC Bank
The Reserve Bank of India on Tuesday approved the re-appointment of Sashidhar Jagdishan as MD, CEO of HDFC Bank.
A chartered accountant by profession, Jagdishan has an overall experience of over 31 years 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, said the Bank in a release.
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.
Recently, the merger of HDFC Corp with the country's largest private lender HDFC Bank took place in July.
In the biggest merger in India's corporate history announced last April, HDFC Bank agreed to take over HDFC in a deal valued at about $40 billion, creating a financial services titan.
