India's bank CEOs get up to 60% hike in FY23. Check top earners
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CEO Hikes
The financial year 2022-23 has been good for Indian banks with most of the stocks offering strong returns. In tandem, the country's top bankers have also seen their salaries increase exponentially during the fiscal year. Here's a look:
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Sashidhar Jagdishan
The remuneration of Sashidhar Jagdishan, the chief of India's largest private lender HDFC Bank, has increased by a whopping 62% to Rs 10.55 crore in FY23. Jagdishan took home a salary of Rs 6.55 crore in the previous fiscal.
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ICICI Bank
ICICI Bank CEO Sandeep Bakshi saw his remuneration rise by nearly 36% to Rs 9.57 crore in fiscal 2023, compared with Rs 7.05 in the previous year.
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Axis Bank
Axis Bank's Amitabh Chaudhry has earned Rs 9.76 crore in the financial year 2022-23. This is an increase of 36% from Rs 7.16 crore in FY22.
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IndusInd Bank
IndusInd Bank MD and CEO Sumanth Kathpalia took home a salary of Rs 7.5 crore in FY23, almost the same as the previous fiscal year.
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AU Small Finance Bank
AU Small Finance Bank's Sanjay Agarwal saw his salary increase by 41% to Rs 3.22 crore during the financial year 2022-23. His pay was around Rs 2.28 crore in the year-ago period.
(With inputs from Ritesh Presswala)
(With inputs from Ritesh Presswala)