Salary of MD&CEO of Jammu and Kashmir Bank
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Jammu & Kashmir Bank Limited (J&K Bank) is an Indian bank headquartered in Srinagar, Jammu and Kashmir. The Jammu and Kashmir Bank was incorporated on 1 October 1938, by the then ruler of the princely state of Jammu and Kashmir Maharaja Hari Singh. Let’s have a look at the salary of MD&CEO of Jammu and Kashmir Bank.
Mr. Baldev Prakash was MD & CEO of the Bank from 01/04/2024 till 29/12/2024. The details of remuneration paid to him in the financial year 2024-25 are as under:
| Particulars | Amount (Rs.) |
|---|---|
| Basic salary | 22,33,871 |
| Allowances and perquisites | 43,03,653 |
| Provident Fund (Employer Contribution) | 2,30,393 |
| Pension Fund (Employer Contribution) | 2,30,393 |
| Gratuity | 2,30,393 |
| Variable Pay | 29,06,763 |
Mr. Amitava Chatterjee was MD & CEO of the Bank from 30/12/2024 till 31/03/2025. The details of remuneration paid to him in the financial year 2024-25 are as under:
| Particulars | Amount (Rs.) |
|---|---|
| Basic salary | 11,52,411 |
| Allowances and perquisites | 13,91,844 |
| NPS (Employer Contribution) | 2,09,739 |
Remuneration of the Executive Director is subject to the approval of the Reserve Bank of India in terms of Section 35B of the Banking Regulation Act, 1949. During the period under report, Mr. Sudhir Gupta was Executive Director of J&K Bank. The details of remuneration paid to him as Executive Director in the financial year 2024-25 are as under:
| Particulars | Amount (Rs.) |
|---|---|
| Basic salary | 19,80,000 |
| Allowances and perquisites | 22,63,336 |
| Variable Pay | 5,05,766* |
| Pension Fund (Employer Contribution) | 2,04,575 |
| PL Encashment | 2,57,619 |
Non-Executive Non-Independent Directors
(Amount in Rs.)
| Particulars | Mr. R K Chhibber | Mr. Sanjiv Dayal |
|---|---|---|
| Fee for attending Board and Committee Meetings | 22,00,000.00 | 1,20,000.00 |
| Fixed Remuneration (FY 2023-24) | 10,00,000.00 | — |
| Sub Total (1) | 32,00,000.00 | 1,20,000.00 |
Non-Executive Independent Directors
(Amount in Rs.)
| Particulars | Dr. Rajeev Lochan Bishnoi | Mr. Naba Kishore Sahoo | Mr. Umesh Chandra Pandey | Mr. Anil Kumar Goel | Mr. Anand Kumar |
|---|---|---|---|---|---|
| Fee for attending Board and Committee Meetings | 17,20,000.00 | 20,80,000.00 | 19,60,000.00 | 21,60,000.00 | 25,20,000.00 |
| Fixed Remuneration (FY 2023-24) | 10,00,000.00 | 10,00,000.00 | 10,00,000.00 | 10,00,000.00 | 10,00,000.00 |
| Sub Total (2) | 27,20,000.00 | 30,80,000.00 | 29,60,000.00 | 31,60,000.00 | 35,20,000.00 |