HDFC Bank CEO Jagdishan to step down, decides not to seek reappointment

HDFC Bank’s Sashidhar Jagdishan has conveyed his decision not to seek his re-appointment as the managing director & chief executive officer (MD&CEO) of the Bank, the largest private sector bank, said in an exchange filing. 

“At its meeting held today, the Board of Directors took note of Mr. Sashidhar Jagdishan’s communication not to seek reappointment. Despite persuasion, Mr. Jagdishan reiterated his decision to not seek reappointment. Accordingly, he shall retire from the services of the Bank upon the close of business hours on October 26, 2026,” the bank said. 

“The Board deeply appreciated his commitment, leadership, contribution to the growth and stability of the Bank and his role in the successful completion of one of the largest mergers in corporate India. The Board conveyed its best wishes to him in his future endeavors,” it added. 

The bank said it’s Board has decided to fast-track the process for selection and appointment of his successor well within time.

Mr Jagdishan had taken over as the bank’s MD & CEO after the retirement of Aditya Puri.