(Pooja Dubey, Intern Journalist) The Reserve Bank of India has approved Sashidhar Jagdishan as the next Chief Executive Officer of HDFC Bank. The private sector bank received the RBI approval letter on August 3. Jagdishan will replace Aditya Puri.
Puri is the longest-serving CEO of the bank which took over 26 years ago. Puri’s term ends on October 26. During his tenure, HDFC Bank became the largest private sector and second-largest among all banks in terms of assets.
There were three choices for the post of Chief Executive Officer of private sector HDFC Bank – Sashidhar Jagdishan, Kaizad Bharucha, and Sunil Garg. Sasidhar Jagdishan has been selected from among them.
For a long time, there was a discussion about who would be Puri’s successor in HDFC Bank. These discussions came to an end after Jagdishan’s appointment. On Monday evening, the Reserve Bank stamped the name of Jagdishan. In November, the bank formed a six-member search committee to replace Puri and Puri was an advisor to the search committee.
There has been an atmosphere of enthusiasm among the investors and HDFC Bank shares have seen a surge.
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