HDFC Bank Managing Director Aditya Puri has become the highest-paid banker among top lenders for fiscal year 2019-20, with a 38 percent rise in salary and prerequisites to Rs 18.92 crore .
Puri, which made the bank the largest by assets in the private sector and also the most valued by investors in the past 25 years, earned an additional crore of Rs 161.56 when exercising stock options during the year, according to the report. annual bank.
The banker, who will retire in October this year on his 70th birthday, had earned Rs 42.20 million by exercising stock options in 2018-19.
His group leader and “change agent” Sashidhar Jagdishan, who is among the selected candidates to succeed Puri, received a salary of Rs 2.91 crore in FY20, according to the annual report.
Second-largest private sector lender ICICI Bank CEO and CEO Sandeep Bakhshi made gross profit of Rs 6.31 million in his first full year as head of the lender, according to the bank’s annual report.
Bakhshi, who took office in October 2018, had earned Rs 4.90 crore in fiscal year 19 as a one-year payment, according to the lender’s annual report.
Amitabh Chaudhry, chief executive officer and chief executive officer of Axis Bank, received Rs 6.01 million for Rs 20 million compared to Rs 1.27 million during the last three months of 19, according to her annual reports.
The third head of retail sales for the private sector lender, Pralay Mondal, who recently resigned citing unspecified compulsions, earned remuneration of Rs 1.83 crore in fiscal year 20. The former executive of HDFC Bank and Yes Bank is addressing join CSB Bank based in the south.
Kotak Mahindra Bank CEO Uday Kotak, which owns 26 percent of the lender, saw a reduction in his salary during the fiscal year.
He earned a gross salary of Rs 2.97 million rupees, which is an 18 percent reduction from the Rs 3.52 million rupees from the previous year period, according to the annual report.
It should be noted that the city-based bank is one of the few lenders that has announced a 10 percent pay cut for top executive earnings of more than 25 lakh per year from May 2020 onwards, due to the pandemic from Covid-19.
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