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Salary of MD&CEO of IndusInd Bank: IndusInd Bank is one of the leading private sector banks in India. The salary of MD&CEO of IndusInd Bank is as follows:
Details of the remuneration paid to Mr. Sumant Kathpalia as the Managing Director & CEO of the Bank, during the Financial Year 2024-25 are as under:
| Particulars of Remuneration | Amount (per annum) |
|---|---|
| Salary (per annum) | ₹1,66,71,636 |
| Other Allowances | ₹5,43,41,388 |
| Provident Fund | ₹20,00,596 (12% of Basic Salary) |
| Leave Fare Concession | ₹1,00,000 |
| Statutory Bonus | ₹28,800 |
| Medical Reimbursement | ₹15,000 |
| Gratuity | ₹8,01,906 (15 days of Basic Salary) |
| Mediclaim | ₹10,700 (Mediclaim for self and family members insurance value) |
| Club Membership | ₹65,637 |
| Insurance Cover (Physical Incapacitation) | ₹9,64,337 |
| Total Fixed Pay (including perquisites) | ₹7,50,00,000 |
Details of the remuneration paid to Mr. Arun Khurana as Whole-time Director (Executive Director) of the Bank, during the Financial Year 2024-25, are as under:
| Particulars of Remuneration | Amount (per annum) |
|---|---|
| Salary (per annum) | ₹3,07,70,676 |
| Other Allowances | ₹1,34,17,056 |
| Provident Fund | ₹36,92,484 (12% of Basic Salary) |
| Leave Fare Concession | ₹1,00,000 |
| Statutory Bonus | ₹28,800 |
| Medical Reimbursement | ₹15,000 |
| Gratuity | ₹14,79,360 (15 days of Basic Salary) |
| Mediclaim | ₹10,700 (Mediclaim for self and family members insurance value) |
| Club Membership | ₹14,160 |
| Insurance Cover (Physical Incapacitation) | ₹4,71,764 |
| Total Fixed Pay (including perquisites) | ₹5,00,00,000 |
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