HDFC Bank Limited to re-appoint Mr. Sashidhar Jagdishan as MD and CEO

The Board of Directors of HDFC Bank Limited, at their meeting held today, has recommended the re-appointment of Mr. Sashidhar Jagdishan (DIN: 08614396) as the Managing Director and CEO of the Bank, to the Reserve Bank of India (RBI), for a further period of three years w.e.f. October 27, 2023, subject to approval of RBI and shareholders. Mr. Sashidhar Jagdishan has an overall experience of thirty (30) years. Mr. Jagdishan has completed his graduation in Science with specialization in Physics, is a Chartered Accountant by profession and holds a Master's degree in Economics of Money, Banking & Finance from the University of Sheffield, United Kingdom. Mr. Jagdishan joined the Bank in the year 1996 as a Manager in the Finance function. He became Business Head - Finance in 1999 and was appointed as Chief Financial Officer in the year 2008. He played a critical role in supporting the growth trajectory of the Bank, and led the finance function with a pivotal role in aligning the organization in achieving the strategic objectives over the years. Prior to his appointment as Managing Director & Chief Executive Officer of the Bank, he was the Group Head of the Bank in addition to overseeing the functions of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate Communications and Corporate Social Responsibility.

Mr. Jagdishan is not debarred from holding office of director by virtue of any SEBI order or any other such authority. He is not related to any director or Key Managerial Personnel of the Bank.

Shares of HDFC Bank Limited was last trading in BSE at Rs. 1615.55 as compared to the previous close of Rs. 1584.65. The total number of shares traded during the day was 153928 in over 10057 trades.

The stock hit an intraday high of Rs. 1619.45 and intraday low of 1587.65. The net turnover during the day was Rs. 247822020.00.

Source : Equity Bulls

Keywords

HDFCBank INE040A01034 HDB Reappointment MD CEO RBI