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RBI approves Jagdishan's appointment as HDFC Bank new MD, CEO RBI

RBI approves Jagdishan's appointment as HDFC Bank new MD, CEO

India Blooms News Service | @indiablooms | 04 Aug 2020, 04:20 pm

Mumbai/UNI:  Private Sector lender HDFC Bank said that RBI has approved the appointment of Sashidhar Jagdishan as MD & CEO of the Bank for three years from his date of taking charge, or from October 27 2020, under Section 35B of the Banking Regulation Act 1949.”

“Further, a meeting of the board of directors of the Bank will be convened in due course inter alia to approve the appointment of Sashidhar Jagdishan as the MD & CEO of the Bank, in place of Aditya Puri, who is due to retire as MD of the Bank on 26 October 2020,” HDFC Bank said in a filing with BSE.

Puri has been MD of HDFC Bank since September 1994, which makes him the longest-serving managing director (MD) of a private bank in India.

Sashidhar Jagdishan joined HDFC Bank in 1996 from Deutsche Bank.