RBI approves HDFC Bk MD’s 3-yr extension

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


with HDFC Bank, creating the second-biggest bank in the country after

State Bank of India


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