General Announcement::Approval of RBI for appointment of Mr. Sashidhar Jagdishan as the MD and CEO of HDFC Bank Ltd

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 04-Aug-2020 17:54:51
Status: New
Announcement Sub Title: Approval of RBI for appointment of Mr. Sashidhar Jagdishan as the MD and CEO of HDFC Bank Ltd
Announcement Reference: SG200804OTHRGIOT
Submitted By (Co./ Ind. Name): Dhanjit Thaivalappil
Designation: Asst. Vice President
Description (Please provide a detailed description of the event in the box below): We wish to inform you that the Reserve Bank of India ( RBI ) vide its communication dated August 3, 2020, has approved the appointment of Mr. Sashidhar Jagdishan as Managing Director & CEO of the Bank for a period of 3 (three) years w.e.f. his date of taking charge, i.e. October 27, 2020, under Section 35B of the Banking Regulation Act 1949.

Further, please note that a meeting of the Board of Directors of the Bank will be convened in due course inter alia to approve the appointment of Mr. Sashidhar Jagdishan as the Managing Director & CEO of the Bank, in place of Mr. Aditya Puri, who is due to retire as Managing Director of the Bank on October 26, 2020.

The brief profile of Mr. Sashidhar Jagdishan is provided in Annexure-A attached to this intimation.

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