HDFC Bank’s CEO received highest salary among all banks, Check his salary and other bank’s CEO salary

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CEOBankSalary (Rs. crore) FY23
Sashidhar JagdishanHDFC10.55+
Kaizad BharuchaHDFC 10
Amitabh ChaudhryAxis9.75
Sandeep BakhshiICICI9.60
Uday KotakKotak MahindraRe 1
Note: Other Banks Data has not been released yet for FY23.

Sashidhar Jagdishan, the CEO of HDFC Bank, has emerged as the highest-paid bank CEO in India in FY23. His total pay for the year was over Rs 10.55 crore, which is 62% higher than his remuneration in FY22.

Jagdishan’s colleague Kaizad Bharucha, the deputy managing director of HDFC Bank, was the second-highest-paid banker in India in FY23, with a total pay of Rs 10 crore.

Other top-paid bank CEOs in India in FY23 included Amitabh Chaudhry of Axis Bank (Rs 9.75 crore), Sandeep Bakhshi of ICICI Bank (Rs 9.60 crore), and Uday Kotak of Kotak Mahindra Bank (Re 1).

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Kotak Mahindra Bank also stood out on the compensation front, reporting a 16.97% increase in the average remuneration to its staffers excluding the managerial talent. Staffers at ICICI Bank were given an 11% hike, while those at Axis Bank enjoyed an inflation-beating 7.6% average increase. HDFC Bank reported an average pay hike of 2.51%.

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