Sashidhar Jagdishan

Sashidhar Jagdishan (born 1965) is an Indian banking executive who is the Managing Director and Chief Executive Officer (MD & CEO) of HDFC Bank, one of India's major private sector banks.^[1]

Sashidhar Jagdishan
Born	1965 (age 59–60) Mumbai, India
Education	University of Mumbai
Occupation	Banker
Known for	CEO of Indian HDFC Bank

Early life and education

Jagdishan was born in and raised in Mumbai, India. He completed his secondary education at Don Bosco High School and obtained a Bachelor's degree in Science with a specialization in Physics from the University of Mumbai. He also qualified as a Chartered Accountant. He went on to obtained a Master's degree in Economics of Money, Banking, and Finance from the University of Sheffield in the United Kingdom.^[1][2]

Career

He joined HDFC Bank in 1996 as a manager in the finance department. Over the years, he took on increasing responsibilities, including being appointed Business Head - Finance and Chief Financial Officer (CFO) in 2008. In 2019, he assumed the role of 'Change Agent of the Bank,' overseeing various critical functions within HDFC Bank.^[3]

He was appointed as the MD & CEO of HDFC Bank in October 2020, succeeding Aditya Puri. In 2023, he was recognized as the highest-paid bank chief executive in India.^[4]

Recognition

Jagdishan was named the Bank CEO of the Year in Asia Pacific for 2024.^[5]

A notable achievement during his tenure was the merger of HDFC Limited into HDFC Bank in 2023, a move that boosted HDFC Bank's market capitalization to over INR 12 trillion (approximately $154 billion).^[6]

Controversies

In 2025, Sashidhar Jagdishan faced allegations of financial fraud. The Lilavati Kirtilal Mehta Medical Trust, which owns and controls Lilavati Hospital in Mumbai, filed a First Information Report (FIR) against him and eight others, including former bank employees. The trust alleged that Jagdishan was involved in misappropriating funds, citing a seized cash diary that reportedly indicated his direct receipt of ₹2.05 crore out of a total of ₹14.42 crore misappropriated by the trustees.

The Mehta family, controlling the trust, called for his suspension from HDFC Bank and urged regulatory bodies such as the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI) to take action. HDFC Bank has publicly denied these charges, stating they are "malicious and baseless" and are linked to an attempt by individuals to avoid repaying a loan.^[7]