RBI EXTENDS TENURE OF HDFC BANK MD SASHIDHAR JAGDISHAN BY 3 YEARS

The country's biggest private sector lender HDFC Bank on Tuesday said the Reserve Bank has approved the re-appointment of its managing director Sashidhar Jagdishan for a period of three years with effect from October 27. Jagdishan was appointed the MD and CEO of the bank in 2020 in place of Aditya Puri, the founder CEO of the bank.

The RBI vide its communication dated September 18, 2023, "has approved the re-appointment of Sashidhar Jagdishan as the managing director and chief executive officer of the bank for a period of 3 years with effect from October 27, 2023 to October 26, 2026," the bank said in a regulatory filing.

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