HDFC Bank on October 17 informed that its present head of finance, Sashidhar Jagdishan, will be the new CEO of the bank. Earlier, the RBI has approved his appointment for a term of three years. Sashidhar, who joined HDFC in 1996, has served various positions in the bank including that of Chief Financial Officer. He is expected to take charge from October 27, and will replace incumbent Aditya Puri.
HDFC's Chief Marketing Officer Ravi Santhanam has been placed 39th in the Forbes' Most Influential CMO's of the world list. Reportedly, he is the only Indian CMO to achieve this feat. The Forbes mentioned that Santhanam believes in machine learning and data science as critical tools for marketers. Reacting to this achievement, Santhanam stated that he was "humbled to be a part of Forbes" list and will keep on influencing people.
Courtesy: Live MInt
A total loss of Rs 1,11,799.05 crore was faced by eight leading companies in the first week of September. ICICI Banks and Reliance Industries Limited alone faced a combined loss of Rs 49,693.28 crore. In addition to them, HDFC, Kotak Mahindra Bank, ITC, Infosys, Hindustan Unilever also faced losses in their market value. On the contrary, TCS and HDFC banks faced a combined gain of Rs 22,398.11 crore in their values.
Courtesy: Deccan Herald
Sashidhar Jagdishan will be appointed as the new Chief Executive Officer (CEO) of India's largest private sector in term of assets, HDFC bank. Jagdishan, who is currently the Chief Financial Officer, joined Mumbai-based HDFC in 1996. He will be replacing present CEO, Aditya Puri who is set to retire on October 26, 2020. Reportedly, HDFC bank's shares spiked by 4.7% after the announcement, inflating the Mumbai market.
Courtesy: India Today