Mumbai: The Reserve Bank of India has approved the appointment of Sashidhar Jagdishan as Managing Director and CEO of HDFC Bank for a period of three years from October 27, 2020, when he will take the charge from the outgoing MD Aditya Puri.
Informing the stock exchanges about the RBI’s August 3 communication, HDFC Bank said, “A meeting of the Board of Directors of the Bank will be convened in due course inter alia to approve the appointment of Sashidhar Jagdishan as the Managing Director and CEO of the Bank, in place of Puri, who is due to retire as Managing Director of the Bank on October 26, 2020.”
Along with Jagdishan, the bank had submitted the names of Kaizad Bharucha (ED at HDFC Bank) and Sunil Garg, global CEO of Citi Commercial Bank for RBI’s consideration.
