Private sector bank chiefs saw modest salary hikes in FY24, reflecting the RBI's strict oversight on CEO pay. HDFC Bank’s Sashidhar Jagdishan topped the list with ₹10.77 crore, followed by ICICI’s Sandeep Bakhshi at ₹9.96 crore, and Axis Bank’s Am...
Large private sector bank chiefs saw modest hikes in salaries in fiscal year 2024, indicating the tight watch by the Reserve Bank of India on CEO remuneration. HDFC Bank’s Sashidhar Jagdishan was the highest paid among bank CEOs who earned Rs 10.77 cr, while ICICI Bank’s Sandeep Bakhshi was second-highest at Rs 9.96 cr, followed by Axis Bank’s Amitabh Chaudhry at Rs 9.64 cr.
Key management personnel at banks need express approval from the regulator regarding salary, performance bonuses and stock options-related payouts. Saloni Shukla takes a look at CEO remuneration trends.
