What is the status of Sashidhar Jagdishan's reappointment at HDFC Bank?

Sashidhar Jagdishan's reappointment process as Managing Director & CEO is underway, with his current term ending in October of this year.

What allegations has HDFC Bank responded to regarding sales practices?

HDFC Bank has responded to allegations concerning the mis-selling of AT1 bonds in Dubai and coercive insurance sales in India.

What measures does HDFC Bank have in place for third-party product sales?

HDFC Bank introduced industry-leading safeguards for third-party product sales as early as 2015-16, including pre-verification and checks for vulnerable segments.

Home / Business and Economy / HDFC Bank Leaders' Fate Hangs in Balance

HDFC Bank Leaders' Fate Hangs in Balance

19 Apr

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Summary

HDFC Bank confirms reappointment processes for MD & CEO and Chairman.
CEO Sashidhar Jagdishan's term concludes in October; Chairman has extension.
Bank refutes allegations of mis-selling AT1 bonds and coercive insurance sales.

HDFC Bank Leaders' Fate Hangs in Balance

HDFC Bank has confirmed that reappointment processes for key leadership positions are currently in progress. The nomination and remuneration committee and the board are actively engaged in these procedures.

Sashidhar Jagdishan, the Managing Director and CEO, is set to see his term conclude in October of this year. Concurrently, Chairman Keki Mistry has been granted a temporary three-month extension by the Reserve Bank of India.