RBI has authorised the reappointment of Sashidhar Jagdishan as CEO of HDFC Financial institution

Business Standard
HDFC Bank Chairman Sashidhar Jagdishan

HDFC Financial institution Chairman Sashidhar Jagdishan

The Reserve Financial institution of India (RBI) authorised the reappointment of Sashidhar Jagdishan as Managing Director (MD) and Chief Government Officer (CEO) of HDFC Financial institution on Tuesday. Jagdish’s reappointment will proceed for one more three years till October 26, 2026.

In a regulatory submitting, HDFC Financial institution stated that Jagdishan’s reappointment software was submitted on March 4 this yr, and the CEO’s new time period will formally start from October 27, 2023.

Jagdishan has over 31 years of expertise and is a Chartered Accountant. He joined HDFC in 1996 as a Director within the Finance operate earlier than changing into Head of Finance in 1999. He was appointed Chief Monetary Officer (CFO) in 2008.

Previous to his appointment as Managing Director and CEO of the financial institution, he additionally served as Group President of the Financial institution along with overseeing the Finance, Human Assets, Authorized, Secretarial, Administration, Infrastructure, Company Communications and Company Social Accountability features.

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

First printed: September 19, 2023 | 7:01 pm he

(tags for translation) Sashidhar Jagdeeshan

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