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New CEO HDFC Bank Sashidhar Jagdishan: All You Need To Know

Sashidhar Jagdishan has been with the bank since 1996 and is currently is serving as the ‘Change Agent’ of the largest private sector lender and head of finance.

Photo Credit : Reuters

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On Tuesday, the Reserve Bank of India appointed Sashidhar Jagdishan as the new Chief Executive Officer (CEO) and managing director of the HDFC Bank.

Jagdishan will take in charge from October 27.

Aditya Puri holds the top position in the bank but with the appointment of Sashidhar Jagdishan, he will succeed Aditya Puri. Puri has been leading the bank from 25 years and was responsible for buffing the bank from the very scratch. He wanted the bank to be the second-largest by assist and also the preferred choice by the investors. On October 20 Aditya Puri will retire.

Sashidhar Jagdishan has been with the bank since 1996 and is currently is serving as the ‘Change Agent’ of the largest private sector lender and head of finance. This particular appointment is a termination to one of the most keenly watched successions in the bank industry.

Here are some things you need to know about Sashidhar Jagdishan:

Sashidhar Jagdishan is a graduate in Science with a specialisation in subject Physics. He also uploads a Masters Degree in Economics of Money, Banking & Finance from the University of Sheffield, UK. He has also worked as a Chartered Accountant.

In 1996, Sashidhar Jagdishan amalgamated with the private lender, HDFC. He has been working in the bank from past 24 years.Manager in the Finance Ruction was the first position which Jagdishan served as. In 1999, he became the Business head and in the year 2008, he was appointed as the Chief Financial Officer.

Sashidhar upholds an experience of over thirty years. Before joining the HDFC Bank he filled in as a Senior Officer in Country Financial Control Division of Deutsche Bank, AG, Mumbai.

Jagdishan presently operating as the Group Head of Finance, Human Resources, Legal and Secretarial, Administration, M Infrastructure, Corporate Communications, Corporate Social Responsibility and the Strategic Change Agent of the Bank.

As per the HDFC Bank website, Sashidhar Jagdishan has played an important role in supporting the growth trajectory of the Bank. Moreover, the website also says, "He has played a critical role in supporting the growth trajectory of the bank. He has led the finance function and played a pivotal role in aligning the organisation in achieving the strategic objectives over the years.”

Disclaimer: The views expressed in the article above are those of the authors' and do not necessarily represent or reflect the views of this publishing house. Unless otherwise noted, the author is writing in his/her personal capacity. They are not intended and should not be thought to represent official ideas, attitudes, or policies of any agency or institution.


Pritika Khanna

The author is Intern with BW Businessworld

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