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Sashidhar Jagdishan to replace Aditya Puri as HDFC Bank CEO

Sashidhar Jagdishan will replace outgoing chief Aditya Puri who will step down in October after a 26-year stint at the bank.

August 05, 2020 / 01:03 AM IST

The Reserve Bank of India (RBI) on August 4 cleared the name of Sashidhar Jagdishan as the next chief executive officer of HDFC Bank, according to a senior RBI executive who didn’t want to be named. “Jagdishan’s name has been approved,” the executive told Moneycontrol.

CNBC-TV18 was the first to report this story.

Jagdishan's selection confirms HDFC Bank’s outgoing Chief Aditya Puri’s recent comments that his successor will be an insider. “There has been a lot of talk about the successor not being with us for a long time. 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,” Puri said at the bank’s recent AGM.

Jagdishan is currently serving as the additional director of HDFC Bank and has been with the bank for nearly three decades. Jagdishan served as the Group Head of Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate Communications and Corporate Social Responsibility.