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Sashidhar Jagdishan: a behind-the-scenes veteran’s journey to succeed Aditya Puri as HDFC Bank CEO

Jagdishan was among the inner circle of top executives at HDFC Bank, responsible for an industry-beating 25% quarterly growth in net profits over the years. He has big shoes to fill and a tough task at hand. While familiarity with the bank’s working and processes is a clear advantage for Jagadishan, he needs to keep governance and digital initiatives as his topmost priority.
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madhavankutty-g
4 Aug 2020 4 Mins Read 0 comment
Sashidhar Jagdishan, new CEO of HDFC Bank ET Now
Sashidhar Jagdishan, new CEO of HDFC Bank
In 2008, when the entire world was battling a never-seen-before financial meltdown, HDFC Bank gave Sashidhar Jagdishan an important task– to become the chief financial officer (CFO). A dozen years later, when the Indian banking system was abuzz with speculation around who would fill the big shoes of Aditya Puri as the next chief executive officer (CEO), HDFC Bank once
tough task at hand, as we told you here. With the pandemic changing the market condition, along with some senior-level exits and alleged governance issues in its vehicle-finance unit, HDFC Bank will need that extra push from top. While familiarity with the bank’s people and processes is a clear advantage for Jagadishan, he should keep governance as his topmost priority.
In 2008, when the entire world was battling a never-seen-before financial meltdown, HDFC Bank gave Sashidhar Jagdishan an important task– to become the chief financial officer (CFO). A dozen years later, when the Indian banking system was abuzz with speculation around who would fill the big shoes of Aditya Puri as the next chief executive officer (CEO), HDFC Bank once tough task at hand, as we told you here. With the pandemic changing the market condition, along with some senior-level exits and alleged governance issues in its vehicle-finance unit, HDFC Bank will need that extra push from top. While familiarity with the bank’s people and processes is a clear advantage for Jagadishan, he should keep governance as his topmost priority.

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