One last bittersweet pitch for HDFC Bank as CEO Sashidhar Jagdishan prepares to exit
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓HDFC Bank CEO Sashidhar Jagdishan will step down on October 26 after deciding against seeking a second reappointment.
- ✓He said, "Wanted monetary tightening and other governance matters of the recent past having been settled completely." The bank appointed Anup Bagchi as the next chief executive for a three-year term starting soon.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Synopsis
HDFC Bank CEO Sashidhar Jagdishan, who will step down on October 26 after deciding against seeking a second reappointment, expressed confidence in the lender’s resilience and growth prospects. He said the bank had overcome regulatory restrictions, the Covid-19 pandemic, a complex merger and monetary tightening, adding that governance issues had been settled.
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HDFC Bank CEO Sashidhar Jagdishan said it was an "emotional" moment to leave the organisation but expressed confidence in its resilience, technology investments and growth prospects. He said the bank had navigated regulatory restrictions, the Covid pandemic, a complex merger and monetary tightening, while positioning itself for a recovery in net interest margins as interest rates rise.
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The Economic Times
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