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Jammu & Kashmir Bank Limited (J&K Bank) is an Indian banking and financial services company, headquartered in Srinagar, Jammu and Kashmir. Let’s have a look at the salary and remuneration of MD&CEO of Jammu and Kashmir Bank.
Salary to Key Managerial Person (KMP)
| Name | Period for which post held during FY 2024-25 | Salary (₹ in Lakhs) |
|---|---|---|
| Mr. Baldev Prakash (Ex. MD & CEO) | From 01.04.2024 to 29.12.2024 | 101.35* |
| Mr. Amitava Chatterjee (MD & CEO) | From 31.12.2024 to 31.03.2025 | 25.44 |
| Mr. Sudhir Gupta (Executive Director) | From 01.04.2024 to 31.03.2025 | 50.06** |
| Mr. Pratik D. Punjabi (Ex. CFO) | From 01.04.2024 to 05.04.2024 | 1.17 |
| Mr. Fayaz Ahmad Ganai (CFO) | From 01.05.2024 to 31.03.2025 | 35.09*** |
| Mr. Mohammad Shafi Mir (Company Secretary) | From 01.04.2024 to 31.03.2025 | 39.65**** |
* The amount includes the Variable Pay of Rs 29.06 Lakhs of Previous FYs due and paid in FY 2024-25.
** The amount includes the Variable Pay of Rs 5.05 Lakhs & Wage Revision Arrears of Rs 0.36 Lakhs of Previous FYs due and paid in FY 2024-25.
*** The amount includes the Wage Revision Arrears of Rs 5.25 Lakhs of Previous FYs due and paid in FY 2024-25.
**** The amount includes the Wage Revision Arrears of Rs 4.20 Lakhs of Previous FYs due and paid in FY 2024-25.
Note: Mr. Pratik D. Punjabi also received remuneration of Rs 1.17 Lakhs as CFO from 01/04/2024 to 05/04/2024.
Particulars of Remuneration (Amount in Rs.)
Non–Executive Non-Independent Directors
| 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 | — |
| Total | 32,00,000.00 | 1,20,000.00 |
Non–Executive Independent Directors
| 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 |
| Total | 27,20,000.00 | 30,80,000.00 | 29,60,000.00 | 31,60,000.00 | 35,20,000.00 |
Executive Director (Mr. Sudhir Gupta)
Remuneration of the Executive Director is subject to RBI approval under Section 35B of the Banking Regulation Act, 1949.
| 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 |
* Variable Pay was due for previous FYs as per approved Remuneration Package of ED.
Mr. Amitava Chatterjee (MD & CEO)
(From 30.12.2024 to 31.03.2025)
| Particulars | Amount (Rs.) |
|---|---|
| Basic Salary | 11,52,411 |
| Allowances and Perquisites | 13,91,844 |
| NPS (Employer Contribution) | 2,09,739 |
Mr. Baldev Prakash (MD & CEO)
(From 01.04.2024 to 29.12.2024)
| 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* |
* Variable Pay was due for Previous FYs as per the approved Remuneration Package of MD & CEO.
Details of Remuneration Paid to Non–Executive Directors during FY 2024-25
| Name | Sitting Fee (Rs.) | Fixed Remuneration (FY 2023-24) (Rs.) | Total (Rs.) |
|---|---|---|---|
| Mr. R K Chhibber | 22,00,000 | 10,00,000 | 32,00,000 |
| Dr. Rajeev Lochan Bishnoi | 17,20,000 | 10,00,000 | 27,20,000 |
| Mr. Naba Kishore Sahoo | 20,80,000 | 10,00,000 | 30,80,000 |
| Mr. Umesh Chandra Pandey | 19,60,000 | 10,00,000 | 29,60,000 |
| Mr. Anil Kumar Goel | 21,60,000 | 10,00,000 | 31,60,000 |
| Mr. Anand Kumar | 25,20,000 | 10,00,000 | 35,20,000 |
| Mr. Saniv Dayal | 1,20,000 | 0 | 1,20,000 |
| Total | 1,27,60,000 | 60,00,000 | 1,87,60,000 |
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