At the recently held Annual General Meeting (AGM) of the bank, Puri hinted at the appointment of his successor being an internal candidate, noting “Our potential successor has been with us for 25 years. My successor was always in place, at least in my mind. It is now for RBI to decide.”
HDFC Bank on its website said Sashidhar Jagdishan joined the bank two years after its inception, and currently heads the functions of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate Communications and Corporate Social Responsibility. Jagdishan is a Chartered Accountant by qualification, apart from holding a Master’s degree in Economics of Money, Banking & Finance from the University of Sheffield, UK.
The bank described his role as critical, adding “He has led the finance function and played a pivotal role in aligning the organization in achieving the strategic objectives over the years.” Prior to joining HDFC Bank in 1996, Jagdishan worked with Deutsche Bank in Mumbai as a Senior Officer in Country Financial Control Division.
Media Reports earlier suggested that HDFC Bank had to the RBI sent its preference of three candidates, which included Jagdishan and Kaizad Bharucha, Group Head – Wholesale Banking from HDFC Bank and Sunil Garg, the CEO of Citi Commerical Bank.
