New Delhi. The Reserve Bank of India (RBI) has re-appointed Shashidhar Jagadeesan as the Managing Director and Chief Executive Officer (MD and CEO) of HDFC Bank for the next three years. The decision came when Mr. Jagadeesan’s tenure was about to end on October 26, 2023. Shashidhar Jagadishan, who has been with HDFC Bank since 1996, has played a key role within the organization. He was initially appointed as Head of Business Finance in 1999, rising to the position of Chief Financial Officer in 2008. Notably, in October 2020, he took over the reins from Aditya Puri, taking over as the MD and CEO of HDFC Bank.
RBI approval for continuity
The RBI’s approval of Mr Jagadeesan’s reappointment underlines the regulator’s confidence in his leadership and strategic skills. The decision ensures that he will continue to guide HDFC Bank from October 27, 2023 to October 26, 2026.
Integral role in the growth of HDFC Group
Apart from HDFC Bank, Jagadeesan has also played a key role in the housing finance subsidiary of HDFC Group. Following the formal merger of HDFC with HDFC Bank on July 1, 2023, his expertise and vision have been instrumental in driving this important integration.
Shashidhar’s annual package was Rs 10.5 crore.
According to HDFC Bank’s annual report for 2022-23, Shashidhar Jagadeesan’s annual package was Rs 10.5 crore. This marks a significant increase compared to the previous financial year, where his compensation stood at Rs 6.51 crore. This substantial package reflects his significant contribution to the success and growth of the Bank.
The announcement coincides with the recent re-appointment of Sandeep Bakshi as MD and CEO of ICICI Bank by the RBI. With these expansions, India’s two largest private banks, HDFC Bank and ICICI Bank, have achieved stability under their leadership, instilling a sense of continuity and confidence in the industry.
New Delhi. The Reserve Bank of India (RBI) has re-appointed Shashidhar Jagadeesan as the Managing Director and Chief Executive Officer (MD and CEO) of HDFC Bank for the next three years. The decision came when Mr. Jagadeesan’s tenure was about to end on October 26, 2023. Shashidhar Jagadishan, who has been with HDFC Bank since 1996, has played a key role within the organization. He was initially appointed as Head of Business Finance in 1999, rising to the position of Chief Financial Officer in 2008. Notably, in October 2020, he took over the reins from Aditya Puri, taking over as the MD and CEO of HDFC Bank.
RBI approval for continuity
The RBI’s approval of Mr Jagadeesan’s reappointment underlines the regulator’s confidence in his leadership and strategic skills. The decision ensures that he will continue to guide HDFC Bank from October 27, 2023 to October 26, 2026.
Integral role in the growth of HDFC Group
Apart from HDFC Bank, Jagadeesan has also played a key role in the housing finance subsidiary of HDFC Group. Following the formal merger of HDFC with HDFC Bank on July 1, 2023, his expertise and vision have been instrumental in driving this important integration.
Shashidhar’s annual package was Rs 10.5 crore.
According to HDFC Bank’s annual report for 2022-23, Shashidhar Jagadeesan’s annual package was Rs 10.5 crore. This marks a significant increase compared to the previous financial year, where his compensation stood at Rs 6.51 crore. This substantial package reflects his significant contribution to the success and growth of the Bank.
The announcement coincides with the recent re-appointment of Sandeep Bakshi as MD and CEO of ICICI Bank by the RBI. With these expansions, India’s two largest private banks, HDFC Bank and ICICI Bank, have achieved stability under their leadership, instilling a sense of continuity and confidence in the industry.
New Delhi. The Reserve Bank of India (RBI) has re-appointed Shashidhar Jagadeesan as the Managing Director and Chief Executive Officer (MD and CEO) of HDFC Bank for the next three years. The decision came when Mr. Jagadeesan’s tenure was about to end on October 26, 2023. Shashidhar Jagadishan, who has been with HDFC Bank since 1996, has played a key role within the organization. He was initially appointed as Head of Business Finance in 1999, rising to the position of Chief Financial Officer in 2008. Notably, in October 2020, he took over the reins from Aditya Puri, taking over as the MD and CEO of HDFC Bank.
RBI approval for continuity
The RBI’s approval of Mr Jagadeesan’s reappointment underlines the regulator’s confidence in his leadership and strategic skills. The decision ensures that he will continue to guide HDFC Bank from October 27, 2023 to October 26, 2026.
Integral role in the growth of HDFC Group
Apart from HDFC Bank, Jagadeesan has also played a key role in the housing finance subsidiary of HDFC Group. Following the formal merger of HDFC with HDFC Bank on July 1, 2023, his expertise and vision have been instrumental in driving this important integration.
Shashidhar’s annual package was Rs 10.5 crore.
According to HDFC Bank’s annual report for 2022-23, Shashidhar Jagadeesan’s annual package was Rs 10.5 crore. This marks a significant increase compared to the previous financial year, where his compensation stood at Rs 6.51 crore. This substantial package reflects his significant contribution to the success and growth of the Bank.
The announcement coincides with the recent re-appointment of Sandeep Bakshi as MD and CEO of ICICI Bank by the RBI. With these expansions, India’s two largest private banks, HDFC Bank and ICICI Bank, have achieved stability under their leadership, instilling a sense of continuity and confidence in the industry.
New Delhi. The Reserve Bank of India (RBI) has re-appointed Shashidhar Jagadeesan as the Managing Director and Chief Executive Officer (MD and CEO) of HDFC Bank for the next three years. The decision came when Mr. Jagadeesan’s tenure was about to end on October 26, 2023. Shashidhar Jagadishan, who has been with HDFC Bank since 1996, has played a key role within the organization. He was initially appointed as Head of Business Finance in 1999, rising to the position of Chief Financial Officer in 2008. Notably, in October 2020, he took over the reins from Aditya Puri, taking over as the MD and CEO of HDFC Bank.
RBI approval for continuity
The RBI’s approval of Mr Jagadeesan’s reappointment underlines the regulator’s confidence in his leadership and strategic skills. The decision ensures that he will continue to guide HDFC Bank from October 27, 2023 to October 26, 2026.
Integral role in the growth of HDFC Group
Apart from HDFC Bank, Jagadeesan has also played a key role in the housing finance subsidiary of HDFC Group. Following the formal merger of HDFC with HDFC Bank on July 1, 2023, his expertise and vision have been instrumental in driving this important integration.
Shashidhar’s annual package was Rs 10.5 crore.
According to HDFC Bank’s annual report for 2022-23, Shashidhar Jagadeesan’s annual package was Rs 10.5 crore. This marks a significant increase compared to the previous financial year, where his compensation stood at Rs 6.51 crore. This substantial package reflects his significant contribution to the success and growth of the Bank.
The announcement coincides with the recent re-appointment of Sandeep Bakshi as MD and CEO of ICICI Bank by the RBI. With these expansions, India’s two largest private banks, HDFC Bank and ICICI Bank, have achieved stability under their leadership, instilling a sense of continuity and confidence in the industry.
New Delhi. The Reserve Bank of India (RBI) has re-appointed Shashidhar Jagadeesan as the Managing Director and Chief Executive Officer (MD and CEO) of HDFC Bank for the next three years. The decision came when Mr. Jagadeesan’s tenure was about to end on October 26, 2023. Shashidhar Jagadishan, who has been with HDFC Bank since 1996, has played a key role within the organization. He was initially appointed as Head of Business Finance in 1999, rising to the position of Chief Financial Officer in 2008. Notably, in October 2020, he took over the reins from Aditya Puri, taking over as the MD and CEO of HDFC Bank.
RBI approval for continuity
The RBI’s approval of Mr Jagadeesan’s reappointment underlines the regulator’s confidence in his leadership and strategic skills. The decision ensures that he will continue to guide HDFC Bank from October 27, 2023 to October 26, 2026.
Integral role in the growth of HDFC Group
Apart from HDFC Bank, Jagadeesan has also played a key role in the housing finance subsidiary of HDFC Group. Following the formal merger of HDFC with HDFC Bank on July 1, 2023, his expertise and vision have been instrumental in driving this important integration.
Shashidhar’s annual package was Rs 10.5 crore.
According to HDFC Bank’s annual report for 2022-23, Shashidhar Jagadeesan’s annual package was Rs 10.5 crore. This marks a significant increase compared to the previous financial year, where his compensation stood at Rs 6.51 crore. This substantial package reflects his significant contribution to the success and growth of the Bank.
The announcement coincides with the recent re-appointment of Sandeep Bakshi as MD and CEO of ICICI Bank by the RBI. With these expansions, India’s two largest private banks, HDFC Bank and ICICI Bank, have achieved stability under their leadership, instilling a sense of continuity and confidence in the industry.
New Delhi. The Reserve Bank of India (RBI) has re-appointed Shashidhar Jagadeesan as the Managing Director and Chief Executive Officer (MD and CEO) of HDFC Bank for the next three years. The decision came when Mr. Jagadeesan’s tenure was about to end on October 26, 2023. Shashidhar Jagadishan, who has been with HDFC Bank since 1996, has played a key role within the organization. He was initially appointed as Head of Business Finance in 1999, rising to the position of Chief Financial Officer in 2008. Notably, in October 2020, he took over the reins from Aditya Puri, taking over as the MD and CEO of HDFC Bank.
RBI approval for continuity
The RBI’s approval of Mr Jagadeesan’s reappointment underlines the regulator’s confidence in his leadership and strategic skills. The decision ensures that he will continue to guide HDFC Bank from October 27, 2023 to October 26, 2026.
Integral role in the growth of HDFC Group
Apart from HDFC Bank, Jagadeesan has also played a key role in the housing finance subsidiary of HDFC Group. Following the formal merger of HDFC with HDFC Bank on July 1, 2023, his expertise and vision have been instrumental in driving this important integration.
Shashidhar’s annual package was Rs 10.5 crore.
According to HDFC Bank’s annual report for 2022-23, Shashidhar Jagadeesan’s annual package was Rs 10.5 crore. This marks a significant increase compared to the previous financial year, where his compensation stood at Rs 6.51 crore. This substantial package reflects his significant contribution to the success and growth of the Bank.
The announcement coincides with the recent re-appointment of Sandeep Bakshi as MD and CEO of ICICI Bank by the RBI. With these expansions, India’s two largest private banks, HDFC Bank and ICICI Bank, have achieved stability under their leadership, instilling a sense of continuity and confidence in the industry.
New Delhi. The Reserve Bank of India (RBI) has re-appointed Shashidhar Jagadeesan as the Managing Director and Chief Executive Officer (MD and CEO) of HDFC Bank for the next three years. The decision came when Mr. Jagadeesan’s tenure was about to end on October 26, 2023. Shashidhar Jagadishan, who has been with HDFC Bank since 1996, has played a key role within the organization. He was initially appointed as Head of Business Finance in 1999, rising to the position of Chief Financial Officer in 2008. Notably, in October 2020, he took over the reins from Aditya Puri, taking over as the MD and CEO of HDFC Bank.
RBI approval for continuity
The RBI’s approval of Mr Jagadeesan’s reappointment underlines the regulator’s confidence in his leadership and strategic skills. The decision ensures that he will continue to guide HDFC Bank from October 27, 2023 to October 26, 2026.
Integral role in the growth of HDFC Group
Apart from HDFC Bank, Jagadeesan has also played a key role in the housing finance subsidiary of HDFC Group. Following the formal merger of HDFC with HDFC Bank on July 1, 2023, his expertise and vision have been instrumental in driving this important integration.
Shashidhar’s annual package was Rs 10.5 crore.
According to HDFC Bank’s annual report for 2022-23, Shashidhar Jagadeesan’s annual package was Rs 10.5 crore. This marks a significant increase compared to the previous financial year, where his compensation stood at Rs 6.51 crore. This substantial package reflects his significant contribution to the success and growth of the Bank.
The announcement coincides with the recent re-appointment of Sandeep Bakshi as MD and CEO of ICICI Bank by the RBI. With these expansions, India’s two largest private banks, HDFC Bank and ICICI Bank, have achieved stability under their leadership, instilling a sense of continuity and confidence in the industry.
New Delhi. The Reserve Bank of India (RBI) has re-appointed Shashidhar Jagadeesan as the Managing Director and Chief Executive Officer (MD and CEO) of HDFC Bank for the next three years. The decision came when Mr. Jagadeesan’s tenure was about to end on October 26, 2023. Shashidhar Jagadishan, who has been with HDFC Bank since 1996, has played a key role within the organization. He was initially appointed as Head of Business Finance in 1999, rising to the position of Chief Financial Officer in 2008. Notably, in October 2020, he took over the reins from Aditya Puri, taking over as the MD and CEO of HDFC Bank.
RBI approval for continuity
The RBI’s approval of Mr Jagadeesan’s reappointment underlines the regulator’s confidence in his leadership and strategic skills. The decision ensures that he will continue to guide HDFC Bank from October 27, 2023 to October 26, 2026.
Integral role in the growth of HDFC Group
Apart from HDFC Bank, Jagadeesan has also played a key role in the housing finance subsidiary of HDFC Group. Following the formal merger of HDFC with HDFC Bank on July 1, 2023, his expertise and vision have been instrumental in driving this important integration.
Shashidhar’s annual package was Rs 10.5 crore.
According to HDFC Bank’s annual report for 2022-23, Shashidhar Jagadeesan’s annual package was Rs 10.5 crore. This marks a significant increase compared to the previous financial year, where his compensation stood at Rs 6.51 crore. This substantial package reflects his significant contribution to the success and growth of the Bank.
The announcement coincides with the recent re-appointment of Sandeep Bakshi as MD and CEO of ICICI Bank by the RBI. With these expansions, India’s two largest private banks, HDFC Bank and ICICI Bank, have achieved stability under their leadership, instilling a sense of continuity and confidence in the industry.
New Delhi. The Reserve Bank of India (RBI) has re-appointed Shashidhar Jagadeesan as the Managing Director and Chief Executive Officer (MD and CEO) of HDFC Bank for the next three years. The decision came when Mr. Jagadeesan’s tenure was about to end on October 26, 2023. Shashidhar Jagadishan, who has been with HDFC Bank since 1996, has played a key role within the organization. He was initially appointed as Head of Business Finance in 1999, rising to the position of Chief Financial Officer in 2008. Notably, in October 2020, he took over the reins from Aditya Puri, taking over as the MD and CEO of HDFC Bank.
RBI approval for continuity
The RBI’s approval of Mr Jagadeesan’s reappointment underlines the regulator’s confidence in his leadership and strategic skills. The decision ensures that he will continue to guide HDFC Bank from October 27, 2023 to October 26, 2026.
Integral role in the growth of HDFC Group
Apart from HDFC Bank, Jagadeesan has also played a key role in the housing finance subsidiary of HDFC Group. Following the formal merger of HDFC with HDFC Bank on July 1, 2023, his expertise and vision have been instrumental in driving this important integration.
Shashidhar’s annual package was Rs 10.5 crore.
According to HDFC Bank’s annual report for 2022-23, Shashidhar Jagadeesan’s annual package was Rs 10.5 crore. This marks a significant increase compared to the previous financial year, where his compensation stood at Rs 6.51 crore. This substantial package reflects his significant contribution to the success and growth of the Bank.
The announcement coincides with the recent re-appointment of Sandeep Bakshi as MD and CEO of ICICI Bank by the RBI. With these expansions, India’s two largest private banks, HDFC Bank and ICICI Bank, have achieved stability under their leadership, instilling a sense of continuity and confidence in the industry.
New Delhi. The Reserve Bank of India (RBI) has re-appointed Shashidhar Jagadeesan as the Managing Director and Chief Executive Officer (MD and CEO) of HDFC Bank for the next three years. The decision came when Mr. Jagadeesan’s tenure was about to end on October 26, 2023. Shashidhar Jagadishan, who has been with HDFC Bank since 1996, has played a key role within the organization. He was initially appointed as Head of Business Finance in 1999, rising to the position of Chief Financial Officer in 2008. Notably, in October 2020, he took over the reins from Aditya Puri, taking over as the MD and CEO of HDFC Bank.
RBI approval for continuity
The RBI’s approval of Mr Jagadeesan’s reappointment underlines the regulator’s confidence in his leadership and strategic skills. The decision ensures that he will continue to guide HDFC Bank from October 27, 2023 to October 26, 2026.
Integral role in the growth of HDFC Group
Apart from HDFC Bank, Jagadeesan has also played a key role in the housing finance subsidiary of HDFC Group. Following the formal merger of HDFC with HDFC Bank on July 1, 2023, his expertise and vision have been instrumental in driving this important integration.
Shashidhar’s annual package was Rs 10.5 crore.
According to HDFC Bank’s annual report for 2022-23, Shashidhar Jagadeesan’s annual package was Rs 10.5 crore. This marks a significant increase compared to the previous financial year, where his compensation stood at Rs 6.51 crore. This substantial package reflects his significant contribution to the success and growth of the Bank.
The announcement coincides with the recent re-appointment of Sandeep Bakshi as MD and CEO of ICICI Bank by the RBI. With these expansions, India’s two largest private banks, HDFC Bank and ICICI Bank, have achieved stability under their leadership, instilling a sense of continuity and confidence in the industry.
New Delhi. The Reserve Bank of India (RBI) has re-appointed Shashidhar Jagadeesan as the Managing Director and Chief Executive Officer (MD and CEO) of HDFC Bank for the next three years. The decision came when Mr. Jagadeesan’s tenure was about to end on October 26, 2023. Shashidhar Jagadishan, who has been with HDFC Bank since 1996, has played a key role within the organization. He was initially appointed as Head of Business Finance in 1999, rising to the position of Chief Financial Officer in 2008. Notably, in October 2020, he took over the reins from Aditya Puri, taking over as the MD and CEO of HDFC Bank.
RBI approval for continuity
The RBI’s approval of Mr Jagadeesan’s reappointment underlines the regulator’s confidence in his leadership and strategic skills. The decision ensures that he will continue to guide HDFC Bank from October 27, 2023 to October 26, 2026.
Integral role in the growth of HDFC Group
Apart from HDFC Bank, Jagadeesan has also played a key role in the housing finance subsidiary of HDFC Group. Following the formal merger of HDFC with HDFC Bank on July 1, 2023, his expertise and vision have been instrumental in driving this important integration.
Shashidhar’s annual package was Rs 10.5 crore.
According to HDFC Bank’s annual report for 2022-23, Shashidhar Jagadeesan’s annual package was Rs 10.5 crore. This marks a significant increase compared to the previous financial year, where his compensation stood at Rs 6.51 crore. This substantial package reflects his significant contribution to the success and growth of the Bank.
The announcement coincides with the recent re-appointment of Sandeep Bakshi as MD and CEO of ICICI Bank by the RBI. With these expansions, India’s two largest private banks, HDFC Bank and ICICI Bank, have achieved stability under their leadership, instilling a sense of continuity and confidence in the industry.
New Delhi. The Reserve Bank of India (RBI) has re-appointed Shashidhar Jagadeesan as the Managing Director and Chief Executive Officer (MD and CEO) of HDFC Bank for the next three years. The decision came when Mr. Jagadeesan’s tenure was about to end on October 26, 2023. Shashidhar Jagadishan, who has been with HDFC Bank since 1996, has played a key role within the organization. He was initially appointed as Head of Business Finance in 1999, rising to the position of Chief Financial Officer in 2008. Notably, in October 2020, he took over the reins from Aditya Puri, taking over as the MD and CEO of HDFC Bank.
RBI approval for continuity
The RBI’s approval of Mr Jagadeesan’s reappointment underlines the regulator’s confidence in his leadership and strategic skills. The decision ensures that he will continue to guide HDFC Bank from October 27, 2023 to October 26, 2026.
Integral role in the growth of HDFC Group
Apart from HDFC Bank, Jagadeesan has also played a key role in the housing finance subsidiary of HDFC Group. Following the formal merger of HDFC with HDFC Bank on July 1, 2023, his expertise and vision have been instrumental in driving this important integration.
Shashidhar’s annual package was Rs 10.5 crore.
According to HDFC Bank’s annual report for 2022-23, Shashidhar Jagadeesan’s annual package was Rs 10.5 crore. This marks a significant increase compared to the previous financial year, where his compensation stood at Rs 6.51 crore. This substantial package reflects his significant contribution to the success and growth of the Bank.
The announcement coincides with the recent re-appointment of Sandeep Bakshi as MD and CEO of ICICI Bank by the RBI. With these expansions, India’s two largest private banks, HDFC Bank and ICICI Bank, have achieved stability under their leadership, instilling a sense of continuity and confidence in the industry.
New Delhi. The Reserve Bank of India (RBI) has re-appointed Shashidhar Jagadeesan as the Managing Director and Chief Executive Officer (MD and CEO) of HDFC Bank for the next three years. The decision came when Mr. Jagadeesan’s tenure was about to end on October 26, 2023. Shashidhar Jagadishan, who has been with HDFC Bank since 1996, has played a key role within the organization. He was initially appointed as Head of Business Finance in 1999, rising to the position of Chief Financial Officer in 2008. Notably, in October 2020, he took over the reins from Aditya Puri, taking over as the MD and CEO of HDFC Bank.
RBI approval for continuity
The RBI’s approval of Mr Jagadeesan’s reappointment underlines the regulator’s confidence in his leadership and strategic skills. The decision ensures that he will continue to guide HDFC Bank from October 27, 2023 to October 26, 2026.
Integral role in the growth of HDFC Group
Apart from HDFC Bank, Jagadeesan has also played a key role in the housing finance subsidiary of HDFC Group. Following the formal merger of HDFC with HDFC Bank on July 1, 2023, his expertise and vision have been instrumental in driving this important integration.
Shashidhar’s annual package was Rs 10.5 crore.
According to HDFC Bank’s annual report for 2022-23, Shashidhar Jagadeesan’s annual package was Rs 10.5 crore. This marks a significant increase compared to the previous financial year, where his compensation stood at Rs 6.51 crore. This substantial package reflects his significant contribution to the success and growth of the Bank.
The announcement coincides with the recent re-appointment of Sandeep Bakshi as MD and CEO of ICICI Bank by the RBI. With these expansions, India’s two largest private banks, HDFC Bank and ICICI Bank, have achieved stability under their leadership, instilling a sense of continuity and confidence in the industry.
New Delhi. The Reserve Bank of India (RBI) has re-appointed Shashidhar Jagadeesan as the Managing Director and Chief Executive Officer (MD and CEO) of HDFC Bank for the next three years. The decision came when Mr. Jagadeesan’s tenure was about to end on October 26, 2023. Shashidhar Jagadishan, who has been with HDFC Bank since 1996, has played a key role within the organization. He was initially appointed as Head of Business Finance in 1999, rising to the position of Chief Financial Officer in 2008. Notably, in October 2020, he took over the reins from Aditya Puri, taking over as the MD and CEO of HDFC Bank.
RBI approval for continuity
The RBI’s approval of Mr Jagadeesan’s reappointment underlines the regulator’s confidence in his leadership and strategic skills. The decision ensures that he will continue to guide HDFC Bank from October 27, 2023 to October 26, 2026.
Integral role in the growth of HDFC Group
Apart from HDFC Bank, Jagadeesan has also played a key role in the housing finance subsidiary of HDFC Group. Following the formal merger of HDFC with HDFC Bank on July 1, 2023, his expertise and vision have been instrumental in driving this important integration.
Shashidhar’s annual package was Rs 10.5 crore.
According to HDFC Bank’s annual report for 2022-23, Shashidhar Jagadeesan’s annual package was Rs 10.5 crore. This marks a significant increase compared to the previous financial year, where his compensation stood at Rs 6.51 crore. This substantial package reflects his significant contribution to the success and growth of the Bank.
The announcement coincides with the recent re-appointment of Sandeep Bakshi as MD and CEO of ICICI Bank by the RBI. With these expansions, India’s two largest private banks, HDFC Bank and ICICI Bank, have achieved stability under their leadership, instilling a sense of continuity and confidence in the industry.
New Delhi. The Reserve Bank of India (RBI) has re-appointed Shashidhar Jagadeesan as the Managing Director and Chief Executive Officer (MD and CEO) of HDFC Bank for the next three years. The decision came when Mr. Jagadeesan’s tenure was about to end on October 26, 2023. Shashidhar Jagadishan, who has been with HDFC Bank since 1996, has played a key role within the organization. He was initially appointed as Head of Business Finance in 1999, rising to the position of Chief Financial Officer in 2008. Notably, in October 2020, he took over the reins from Aditya Puri, taking over as the MD and CEO of HDFC Bank.
RBI approval for continuity
The RBI’s approval of Mr Jagadeesan’s reappointment underlines the regulator’s confidence in his leadership and strategic skills. The decision ensures that he will continue to guide HDFC Bank from October 27, 2023 to October 26, 2026.
Integral role in the growth of HDFC Group
Apart from HDFC Bank, Jagadeesan has also played a key role in the housing finance subsidiary of HDFC Group. Following the formal merger of HDFC with HDFC Bank on July 1, 2023, his expertise and vision have been instrumental in driving this important integration.
Shashidhar’s annual package was Rs 10.5 crore.
According to HDFC Bank’s annual report for 2022-23, Shashidhar Jagadeesan’s annual package was Rs 10.5 crore. This marks a significant increase compared to the previous financial year, where his compensation stood at Rs 6.51 crore. This substantial package reflects his significant contribution to the success and growth of the Bank.
The announcement coincides with the recent re-appointment of Sandeep Bakshi as MD and CEO of ICICI Bank by the RBI. With these expansions, India’s two largest private banks, HDFC Bank and ICICI Bank, have achieved stability under their leadership, instilling a sense of continuity and confidence in the industry.
New Delhi. The Reserve Bank of India (RBI) has re-appointed Shashidhar Jagadeesan as the Managing Director and Chief Executive Officer (MD and CEO) of HDFC Bank for the next three years. The decision came when Mr. Jagadeesan’s tenure was about to end on October 26, 2023. Shashidhar Jagadishan, who has been with HDFC Bank since 1996, has played a key role within the organization. He was initially appointed as Head of Business Finance in 1999, rising to the position of Chief Financial Officer in 2008. Notably, in October 2020, he took over the reins from Aditya Puri, taking over as the MD and CEO of HDFC Bank.
RBI approval for continuity
The RBI’s approval of Mr Jagadeesan’s reappointment underlines the regulator’s confidence in his leadership and strategic skills. The decision ensures that he will continue to guide HDFC Bank from October 27, 2023 to October 26, 2026.
Integral role in the growth of HDFC Group
Apart from HDFC Bank, Jagadeesan has also played a key role in the housing finance subsidiary of HDFC Group. Following the formal merger of HDFC with HDFC Bank on July 1, 2023, his expertise and vision have been instrumental in driving this important integration.
Shashidhar’s annual package was Rs 10.5 crore.
According to HDFC Bank’s annual report for 2022-23, Shashidhar Jagadeesan’s annual package was Rs 10.5 crore. This marks a significant increase compared to the previous financial year, where his compensation stood at Rs 6.51 crore. This substantial package reflects his significant contribution to the success and growth of the Bank.
The announcement coincides with the recent re-appointment of Sandeep Bakshi as MD and CEO of ICICI Bank by the RBI. With these expansions, India’s two largest private banks, HDFC Bank and ICICI Bank, have achieved stability under their leadership, instilling a sense of continuity and confidence in the industry.
