Sashidhar Jagdishan is the new CEO of HDFC Bank

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Now its officially confirmed Reserve Bank of India has given green signal to the appointment of Sashidhar Jagdishan as the chief executive and managing director of HDFC Bank. Sashidhar Jagdishan who has been working with the HDFC bank since 1996 as the “change agent” will succeed Aditya Puri. 


About the Ex-CEO and MD

Aditya Puri who has been associated with the bank for the last 25 years and has immensely contributed in building the bank from the scratch and making it the second-largest private sector bank in terms of assets. Mr. Puri will officially retire on 20th October this year. Earlier the bank had recommended three candidate names to Reserve Bank of India which in order of preference are, Sashidhar Jagdishan, Kaizad Bharucha, and Citi’s Sunil Garg. Now, finally, after RBI’s approval, the bank will inform the exchange about the appointment of new CEO and MD Sashidhar Jagdish.

Additional Relevant Information:

The recommendation to RBI for the appointment of CEO in the Public Sector is sent by the Banks Board Bureau. It was set up in the year 2016 as the part of Indradhanush plan of Government on the recommendation of P.J. Nayak Committee. Banks Board of Bureau is housed in RBI’s Central Office in Mumbai. It is an autonomous part of the Indian government who is dedicated to improving the governance of Public Sector Banks by recommending CEOs and MDs to government-owned banks and financial institutions. The organisation also helps banks in developing strategies and capital raising plans.

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