HDFC Bank : Intimation under Reg 30 of SEBI LODR - Appointment of Director
October 28, 2020 at 02:10 pm IST
Share
CIN: L65920MH1994PLC080618
HDFC Bank Limited,
Email: shareholder.grievances@hdfcbank.com
Zenith House,
Website: www.hdfcbank.com
Opp. Race Course Gate no. 5 & 6,
Keshavrao Khadye Marg,
Mahalaxmi, Mumbai- 400034
Tel.: 022 - 3976 0001 / 0012
October 17, 2020
BSE Limited
The National Stock Exchange of India Limited
Dept. of Corporate Services
The Listing Department
Phiroze Jeejeebhoy Towers,
Exchange Plaza
Dalal Street, Fort,
Bandra Kurla Complex
Mumbai 400 001
Mumbai 400051
Scrip Code - 500180
Symbol - HDFCBANK
Sub: Appointment of Mr. Sashidhar Jagdishan as Managing Director and Chief Executive
Officer
Dear Sir / Madam,
We wish to inform you that the Board of Directors of the Bank, at its meeting held today, has approved the appointment of Mr. Sashidhar Jagdishan (DIN: 08614396) as an Additional Director and as the Managing Director and Chief Executive Officer of the Bank, subject to the approval of the shareholders of the Bank, for a period of three (3) years from October 27, 2020, as approved by the Reserve Bank of India vide its email dated August 3, 2020.
The above appointment shall be placed before the shareholders of the Bank for their approval, by way of postal ballot (through remote e-voting) in accordance with the relevant MCA circulars.
Brief profile of Mr. Jagdishan is stated in Annexure-I. He is not debarred from holding office of director by virtue of any SEBI order or any other such authority. He is not related to any director of the Bank.
You are requested to kindly take the above on your records.
Thanking You,
Yours faithfully,
For HDFC Bank Ltd
Santosh Haldankar
Sr. Vice President (Legal) & Company Secretary
Regd. Office: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013
Annexure 1 - Brief Profile of Mr. Sashidhar Jagdishan
Sr.
Particulars
Particulars
No.
1.
Brief profile
Sashidhar Jagdishan (Sashi) joined the Bank in the year
1996 as a Manager in the Finance function. He became
Business Head - Finance in 1999 and was appointed as
Chief Financial Officer in the year 2008.
Sashi has played a critical role in supporting the growth
trajectory of the Bank. He has led the finance function and
played a pivotal role in aligning the organization in achieving
the strategic objectives over the years.
Prior to his appointment as Managing Director & CEO of the
Bank, he was the Strategic Change Agent of the Bank in
addition to overseeing the functions of Finance, Human
Resources, Legal & Secretarial, Administration,
Infrastructure, Corporate Communications and Corporate
Social Responsibility.
Sashi has an overall experience of 30 years. He has
completed his graduation in Science with specialization in
Physics; he is a Chartered Accountant by profession and
also holds a Master's degree in Economics of Money,
Banking & Finance from the University of Sheffield, UK.
HDFC Bank Limited published this content on 17 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2020 08:39:05 UTC
HDFC Bank Limited is one of the largest Indian banking groups. Income breaks down by activity as follows:
- retail banking (46.9%);
- corporate banking (28.7%);
- market banking (12.4%);
- other (12%).
At the end of March 2019, the group had INR 9,225 billion of current deposits and INR 8,692.2 billion of current credits.
Products and services are marketed through a network of 5,000 branches located in India.