HDFC Bank's Sashidhar Jagdishan is 'BS Banker of the Year 2022'

5-member jury picks him for bank's good performance under his leadership

Sashidhar Jagdishan, managing director (MD) and chief executive officer (CEO) of HDFC Bank, has been chosen as the Business Standard Banker of the Year 2022, as the lender continued its strong performance under his leadership while successfully navigating through technology-related challenges.

An eminent five-member jury, chaired by former Reserve Bank of India (RBI) deputy governor S S Mundra, picked the CEO of the largest private sector bank of the country as the winner. The other jury members were Vice Chairman and CEO of HDFC Limited Keki Mistry, Ican Investment Advisors Chairman Anil Singhvi, Aditya Birla Sun Life Asset Management Company MD and CEO A Balasubramanian, and former MD and CEO of Bank of Baroda P S Jayakumar. Mistry, however, recused himself from the deliberations around group concern HDFC Bank.

Known to his colleagues as Sashi, Jagdishan took charge of HDFC Bank on October 27, 2020, after his illustrious predecessor Aditya Puri demitted office upon attaining the age of 70 years – the maximum age for a CEO in a private sector bank according to the Reserve Bank of India’s norms. The banking regulator had approved Jagdishan’s appointment for a three-year period, after which he will be eligible for an extension. He will turn 58 this month.

Jagdishan’s journey in HDFC Bank started in 1996 as a manager in the finance function.

 

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