The Reserve Bank of India announced that it had given its approval for the re-appointment of Sashidhar Jagdishan as the Managing Director and Chief Executive Officer of HDFC Bank.

Jagdishan, a chartered accountant by profession, boasts an extensive work history spanning more than 31 years. He has earned a Master's degree in Economics of Money, Banking & Finance from the University of Sheffield in the United Kingdom.

In 1996, he joined the bank as a Manager within the Finance department. By 1999, he had risen to the position of Business Head - Finance and later assumed the role of Chief Financial Officer in 2008.

The bank, in a statement, credited Jagdishan with playing a crucial role in facilitating the bank's growth and leading the finance function while aligning the organization with its strategic goals over the years.

Before being appointed as the Managing Director and Chief Executive Officer of the bank, he served as the Group Head, overseeing various functions including Finance, Human Resources, Legal & Secretarial, Administration, Infrastructure, Corporate Communications, and Corporate Social Responsibility.

In a significant development, the merger of HDFC Corp with India's largest private lender, HDFC Bank, was finalised in July. This merger, valued at approximately $ 40 billion, marked the largest merger in India's corporate history and created a financial services powerhouse.