Sashidhar Jagdishan

 Shashidhar Jagadeesan was re-appointed as the Managing Director and CEO of HDFC Bank, the world’s fourth largest bank.  The Reserve Bank of India (RBI) has appointed Shashidhar Jagadeesan as the Managing Director and CEO of HDFC Bank for a period of three years.  Read who is Shashidhar Jagadishan and what is the full news.

New Delhi, Business Desk: Months after the merger of HDFC and HDFC Bank, Sashidhar Jagdishan has once again been appointed as the MD and CEO of HDFC Bank, the world’s fourth largest bank.

The appointment has been made for three years

 The Reserve Bank of India (RBI) has re-appointed Shashidhar Jagadeesan as the MD and CEO of HDFC Bank for three years.

HDFC Bank said in a regulatory filing that

 Shashidhar Jagadishan has been approved for re-appointment as Managing Director and Chief Executive Officer of the Bank for a period of 3 (three) years from October 27, 2023 to October 26, 2026.

 Know who is Shashidhar Jagadishan?

 Shashidhar Jagadishan has over 31 years of experience.  Jagadeesan has completed his graduation in Science with specialization in Physics.  He is a Chartered Accountant by profession and holds a Master’s degree in Economics of Money, Banking and Finance from the University of Sheffield, United Kingdom.

 Shashidhar Jagadishan joined HDFC Bank in 1996 as a Manager in the Finance Department.  He became Business Head – Finance in 1999 and was appointed as Chief Financial Officer in 2008.

 HDFC and HDFC Bank had the biggest corporate deal in history

 The merger of HDFC and HDFC Bank became effective from July 1, 2023.  This deal between the two was in the form of an all-stock deal worth $40 billion.  After the merger, HDFC Bank became 100 percent owned by public shareholders.

How were the bank shares yesterday?

 Yesterday i.e. on Monday, HDFC Bank shares closed at Rs 1,629.65, down 2 per cent on BSE.