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HDFC gets new head, RBI approves Jagdishan as the bank MD and CEO Banking

HDFC gets new head, RBI approves Jagdishan as the bank MD and CEO

India Blooms News Service | @indiablooms | 04 Aug 2020, 08:55 pm

Mumbai/UNI: Private sector lender HDFC Bank said that RBI has approved the appointment of Sashidhar Jagdishan as MD and CEO of the Bank for three years from his date of taking charge, or from Oct 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 the MD of HDFC Bank since Sept 1994, which makes him the longest-serving managing director (MD) of a private bank in India.

Jagdishan joined HDFC Bank in 1996 from Deutsche Bank.