Anup Bagchi set to become India's highest-paid bank CEO, may earn Rs 35.9 crore a year
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓HDFC Bank proposed an annual pay of ₹35.9 crore for incoming CEO Anup Bagchi.
- ✓This package could make him India’s highest-paid bank chief.
- ✓The bank got approval from the Reserve Bank of India for this plan.
Story at a Glance
- Category
- BUSINESS
- Reported By
- The Economic Times
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Mumbai: HDFC Bank has proposed an annual remuneration package of up to ₹35.9 crore for incoming managing director and chief executive Anup Bagchi, potentially making him India's highest-paid bank CEO based on disclosed pay structures of leading private sector bankers.
India's largest private sector lender has also approved an additional one-time joining bonus worth ₹7.35 crore in stock-linked incentives to Bagchi.
HDFC Bank has sought shareholder approval for Bagchi's appointment and remuneration. The proposal, already approved by the Reserve Bank of India, has been put to shareholders through a postal ballot, with electronic voting open from October 8 to November 6.
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The Economic Times
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