RBI has approved the appointment of Sashidhar Jagdishan as Managing Director & CEO of HDFC Bank.

The appointment is for a period of three years beginning Oct 27, 2020, & is subject to the approval of the Bank's board & shareholders.

Aditya Puri, the iconic Managing Director who led the bank since inception retires on Oct 26, 2020.

Shyamala Gopinath, Chairperson, HDFC Bank Limited said that "Sashi brings to the table a rare combination of IQ & EQ. Given his understanding of the business, coupled with a strong people connect, we're confident that he'll take the bank to the next level. My best wishes are always with him".

Aditya Puri, Managing Director, HDFC Bank Limited said that "I congratulate Sashi on his appointment. He understands the Bank's ethos, culture which has made it what it is. Given our inherent strengths & now Sashi's leadership, I believe that the best of the Bank is yet to come".

Jagdishan said that "I'm humbled by this. I fully recognise that Mr Puri's are huge shoes to fill. But I'm confident that with the support of my colleagues, the board, other stakeholders, & indeed God's grace, I'll be able to live up to the faith that Mr Puri, the Board, & the regulator have reposed in me. I'll leave no stone unturned to carry forward the rich legacy".

Jagdishan joined the Bank in 1996 & has played a critical role in its growth ever since. Starting as a manager in the Finance department, he's grown from strength to strength wearing different hats. In 1999, he became Business Head - Finance & in 2008, the Chief Financial Officer of the bank. In 2019, he was appointed the "Change Agent of the Bank' & given additional responsibilities of Legal & Secretarial, Human Resource, Corporate Communication, Infrastructure & Administration, & CSR.
Jagdishan has an overall experience of 30 years, 24 of which he's spent in HDFC Bank. Prior to HDFC Bank, he had a 3-year stint with Deutsche Bank, AG, Mumbai.

Jagdishan is a Science Graduate (Physics) from Mumbai University, & a qualified Chartered Accountant. He also holds a Master's degree in Economics of Money, Banking & Finance from the University of Sheffield, UK. 

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