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New Delhi: Sashidhar Jagdishan, MD and CEO of HDFC Bank is dealing with severe allegations after an FIR was once lodged towards him in a monetary fraud case. The grievance was once filed through Mumbai’s Lilavati Hospital agree with and claimed that the cash concerned was once used with the intent to bother a circle of relatives connected to the agree with.
The FIR was once filed after the Mumbai Magistrate Court, on May 30, ordered the Bandra police to do so at the grievance. The Lilavati Hospital Trust alleges {that a} former member paid Rs 2.05 crore to Jagdishan and says it has handwritten diary entries to again up the declare.
The Trust alleges that the cash was once used to improve efforts aimed toward harassing the daddy of certainly one of its present contributors. It has referred to as for strict motion to be taken towards the HDFC Bank CEO as a part of its grievance.
Sashidhar Jagdishan: All About HDFC Bank’s CEO
Sashidhar Jagdishan changed into the CEO and MD of HDFC Bank in 2020, taking up from the financial institution’s long-time head, Aditya Puri. He holds a point in physics from the University of Mumbai, a grasp’s in banking and finance from the University of Sheffield, and may be a certified Chartered Accountant.
Mr. Jagdishan has been with HDFC Bank since 1996. He began as a supervisor within the finance division. Later in 1999, he changed into the pinnacle of finance and was once promoted to leader monetary officer in 2008. In 2019, he was once referred to as the financial institution’s “strategic change agent,” only a yr ahead of changing into the CEO. In 2023, the Reserve Bank of India authorized his re-appointment, extending his time period till October 26, 2026.
HDFC Bank’s Response
HDFC Bank has strongly defended its CEO towards the FIR and referred to as the fees “baseless and malicious.” The financial institution mentioned that Prashant Mehta, a trustee of the Lilavati Hospital Trust, and his circle of relatives owe a big sum of money to the financial institution, which has no longer been paid but. The financial institution additionally mentioned it has sought criminal recommendation and can struggle the claims to offer protection to the CEO’s recognition. “The Bank takes great pride in the integrity and leadership of its MD & CEO,” the observation mentioned.
