Salary of MD&CEO of Bank of Baroda, Check Salary and PLI Offered to MD and EDs
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The Managing Director (MD) & Chief Executive Officer (CEO) of Bank of Baroda, along with the Executive Directors (EDs), are paid a fixed salary, perquisites, and various allowances as per rules. Let’s take a detailed look at the salaries, perquisites, reimbursements, and Performance Linked Incentives (PLI) offered to the top executives of the bank:
Remuneration Details of Key Bank Executives (FY 2024–25)
| SL No | Name | Designation | Salary (A) | Perquisites (B) | Reimbursement in FY 2024–2025 | Performance Linked Incentives | Leave Encashment / LFC Reimbursement | Retirement Benefit (D) |
|---|---|---|---|---|---|---|---|---|
| 1 | Shri Debadatta Chand | MD & CEO (w.e.f. 01.07.2023) | 41,26,716 | 4,92,130 | 5,24,000 | 21,37,680 | 1,12,200 | – |
| 2 | Shri Lalit Tyagi | ED (w.e.f. 21.11.2022) | 35,27,076 | 4,30,113 | 4,08,000 | 17,87,760 | 4,56,052 | – |
| 3 | Shri Lal Singh | ED (w.e.f. 09.10.2023) | 35,27,076 | 4,18,591 | 4,08,000 | 8,65,462 | – | – |
| 4 | Shri Sanjay Vinayak Mudaliar | ED (w.e.f. 31.01.2024) | 38,41,527 | 3,05,326 | 4,08,000 | 3,09,120 | 2,10,796 | – |
| 5 | Smt. Beena Vaheed | ED (w.e.f. 09.08.2024) | 20,94,224 | 2,51,658 | 4,08,000 | – | – | – |
| 6 | Shri Sanjiv Chadha | MD & CEO (Retired 30.06.2023) | – | – | – | 5,38,560 | – | – |
| 7 | Shri Ajay Kumar Khurana | ED (Retired on 31.03.2024) | 24,600 | – | – | 9,76,800 | – | 87,78,089 |
| 8 | Shri Joydeep Dutta Roy | ED (upto 31.01.2024) | 7,262 | 2,67,538 | – | 7,43,800 | – | – |
Sitting Fee paid to Non-executive Directors:
The Sitting Fee is paid to the non-Executive Directors as per the provisions of Nationalized Banks (Management & Miscellaneous Provisions) Scheme 1970, read with Government guidelines for attending Board and Board Committee meetings. Sitting fee is the amount of money paid to Non-Executive Directors of a company for attending meetings of the Board or its committees. It is a compensation for their time and effort in participating in decision-making through board or committee meetings. Each time a Non-Executive Director attends a board or committee meeting, they are paid a fixed fee per meeting.
Details of sitting fee paid during the Year 2024–25 are as under
(Note: No sitting fee is payable to Whole Time Directors and Directors representing Government of India):
| Sr. No. | Name of the Director | Amount (₹) |
|---|---|---|
| 1 | Smt. Parvathy Sundaram | 18,75,000.00 |
| 2 | Shri Ajay Singhal | 18,75,000.00 |
| 3 | Shri Alok Vajpeyi | 8,33,333.00 |
| 4 | Smt. Nina Nagpal | 25,00,000.00 |
| 5 | Shri Ravindran Menon | 22,91,667.00 |
| 6 | Shri Vijay Dube | 18,75,000.00 |
| 7 | Shri Manoranjan Mishra | 8,33,333.00 |
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