Salary of MD&CEO of Central Bank of India, Check Salary and Allowances Paid to MD, ED

Have you ever thought – how much salary is paid to MD&CEO of Central Bank of India – a leading public sector bank in India. In this article, we will tell you salary and allowances paid to MD and EDs of Central Bank of India. Let’s have a look at the salary of MD&CEO of Central Bank of India.

Remuneration of Directors

The Non Official (Independent) Directors / Non-Executive Directors were paid sitting fees of ₹40,000 for attending every meeting of the Board of Directors and ₹20,000 for attending every meeting of various Sub-Committees of the Board. Sitting fees is not being paid to the Managing Director and Chief Executive Officer, Executive Directors and Directors who are officials of Government of India/ Reserve Bank of India. For Chairing the meetings of Board of Directors and Committees thereof, an additional sitting fee of ₹10,000 and ₹5,000 respectively were paid.

During the year under review, the Bank has paid ₹10,40,000/- (Rupees Ten Lakh forty Thousand only) to the eligible Directors towards sitting fees for attending Board Meetings and ₹18,40,000/- (Rupees Eighteen Lakh forty Thousand only) towards attending meetings of the Sub-Committee of the Board.

Details of sitting fees paid during the Year 2024-25 are as under:

Name of the Director	Sitting Fees Paid for FY 2024-25 (Amount in ₹)
Shri Dinesh Pangtey	02,65,000
Shri Pradip Pranlal Khimani	06,75,000
Shri Privarat Sharma	11,80,000
Shri Sarada Kumar Hota	07,60,000

Besides this, during the financial year, sitting fees of ₹60,000/- were paid to Shri S. Sengupta for attending the meetings of Human Resource Committee of the Board and sitting fees of ₹1,20,000/- to Shri Vireshwar Kumar for attending meetings of IT Strategy Committee of the Board.

During the financial year 2024-25, the following amounts have been paid to the Managing Director and Chief Executive Officer and Executive Directors as total salary, allowances and perks:

Sr.	Name	Rupees in Lakh
1.	Shri M V Rao, Managing Director & CEO	57.07
2.	Shri Vivek Wahi, Executive Director	49.31
3.	Shri M V Murali Krishna, Executive Director	48.68
4.	Shri Mahendra Dohare, Executive Director	41.76
	TOTAL	196.82