Sashidhar Jagdishan will be the new CEO of HDFC Bank to replace the private lender’s long-serving leader Aditya Puri, sources told Business Standard.
Jagdishan, 55 and group head and change agent at the Bank, will take over when Puri retires in October. Jagdishan was one of three candidates shortlisted for approval by the Reserve Bank of India. Jagdishan's name was approved last night and HDFC Bank will make formal announcement soon, sources said.
He joined the Bank in the 1996 and heads finance, human resources, and other departments. He is a chartered accountant and holds a Master’s degree in Economics of money, banking and finance.
Kaizad Bharucha, head of HDFC's wholesale banking division, and Sunil Garg, of Citibank, were among the other candidates in race for the post.
Puri has been at the helm at HDFC Bank since September 1994, making him the longest-serving head of any private bank in the country.