RBI approves HDFC Bk MD’s 3-yr extension – Times of India

by The Technical Blogs


NEW DELHI: The country’s biggest private sector lender HDFC Bank on Tuesday said the Reserve Bank has approved the re-appointment of its managing director Sashidhar Jagdishan for a period of three years with effect from October 27.
Jagdishan was appointed the MD and CEO of the bank in 2020 in place of Aditya Puri, the founder CEO of the bank.
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 bank said in a regulatory filing. The board of the bank will be convened in due course to give effect to the above-mentioned appointment, it said. Jagdishan’s extension comes months after the merger of parent HDFC with HDFC Bank, creating the second-biggest bank in the country after State Bank of India.


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