NEW DELHI: The nation’s largest non-public sector lender HDFC Bank on Tuesday mentioned the Reserve Bank has authorised the re-appointment of its managing director Sashidhar Jagdishan for a interval of three years with impact from October 27.
Jagdishan was appointed the MD and CEO of the financial institution in 2020 rather than Aditya Puri, the founder CEO of the financial institution.
The RBI vide its communication dated September 18, 2023, “has approved the re-appointment of Sashidhar Jagdishan as the managing director and chief executive officer of the Bank for a period of 3 years with effect from October 27, 2023 to October 26, 2026,” the financial institution mentioned in a regulatory submitting. The board of the financial institution shall be convened sooner or later to provide impact to the above-mentioned appointment, it mentioned. Jagdishan’s extension comes months after the merger of mother or father HDFC with HDFC Bank, creating the second-biggest financial institution within the nation after State Bank of India.
Jagdishan was appointed the MD and CEO of the financial institution in 2020 rather than Aditya Puri, the founder CEO of the financial institution.
The RBI vide its communication dated September 18, 2023, “has approved the re-appointment of Sashidhar Jagdishan as the managing director and chief executive officer of the Bank for a period of 3 years with effect from October 27, 2023 to October 26, 2026,” the financial institution mentioned in a regulatory submitting. The board of the financial institution shall be convened sooner or later to provide impact to the above-mentioned appointment, it mentioned. Jagdishan’s extension comes months after the merger of mother or father HDFC with HDFC Bank, creating the second-biggest financial institution within the nation after State Bank of India.
