Mumbai: Private sector HDFC Bank (HDFC Bank) managing director Aditya Puri has been the highest paid banker in the past fiscal year 2019-20. Puri’s salary and other benefits rose 38 percent to Rs 18.92 crore in the last financial year. Puri is credited with making HDFC Bank the largest private sector bank in terms of assets.
According to HDFC Bank’s annual report, Puri received an additional Rs 161.56 crore for exercising the share option in the last financial year. Puri is going to retire after completing the age of 70 in October this year. In 2018-19, he received Rs 42.20 crore as a share option.
It is said that the candidates whose names are being considered as Puri’s successor include group chief and ‘change agent’ Shasidhar Jagadishan. According to the report Jagdishan received a salary of Rs 2.91 crore in the last financial year.
The salary of these bankers is so
Sandeep Bakshi (CEO), managing director and CEO of ICICI Bank, the second largest private sector bank in the country, has received a salary and other benefits of Rs 6.31 crore in the first year i.e. last financial year as a full head. This information has been given in the annual report of the bank.
Similarly, according to the annual report of Axis Bank, Amitabh Chaudhary, Managing Director and Chief Executive Officer (CEO) of the bank received a total remuneration of Rs 6.01 crore in 2019-20. In the last quarter of 2018-19, he received a salary of Rs 1.27 crore.
The salary of Kotak Mahindra Bank managing director Uday Kotak declined in the last financial year. He also owns a 26 percent stake in the bank. According to the annual report of the bank, the total salary of Kotak in the last financial year was Rs 2.97 crore, which is 18 percent less than Rs 3.52 crore in the previous financial year.