Sashidhar Jagdishan to succeed Aditya Puri as HDFC Bank chief

TIL Desk/Business/Mumbai/ The Reserve Bank has confirmed the name of Sashidhar Jagdishan to succeed Aditya Puri as the chief executive and managing director of HDFC Bank, two sources said on Tuesday.

Jagdishan, currently working as the ‘change agent’ of the largest private sector lender and head of finance, has been with the bank since 1996, and the appointment will put an end to one of the most keenly watched successions in the banking industry.

Puri retires on October 20. The Reserve Bank of India (RBI), which was given a list of candidates in an order of priority, conveyed its approval to Jagdishan’s name late Monday evening, sources said.The bank will eventually inform the exchanges about the RBI nod.