HDFC Bank CEO Sashidhar Jagdishan to Step Down After Internal Disciplinary Action
HDFC Bank’s board decided to fast-track the process to select and appoint the CEO’s successor, with Sashidhar Jagdishan stepping down. Clean chits for the bank were provided by law firms and the RBI, but the Audit Committee had ordered an internal vigilance probe into reported payments of Rs 45 crore to MSRDC. The board later issued warning letters and imposed Rs 1 lakh penalties on Jagdishan and other executives.
Coverage (4)
- HDFC Bank Faces Leadership Transition Following CEO's Departure (indianewsnetwork.com)
- HDFC Bank's Sashidhar Jagdishan seeks 'clean slate' for successor (business-standard.com)
- In spotlight over governance, HDFC Bank CEO Sashidhar Jagdishan to step down (indianexpress.com)
- HDFC Bank CEO Sashidhar Jagdishan set to retire: Finance manager 'Sashi' who rose to corner office (economictimes.com)