Punjab National Bank – one of the largest public sector banks in India, offers good salary to its MD&CEO. Apart from salary, various other benefits such as Medical and PLI (Performance Linked Incentive) are offered to MD and EDs. In this article, we will have a look at the salary and PLI offered to MD & EDs.
Remuneration of Directors (F.Y. 2024-25)
| Sr. No. | Name (Shri) | Designation | Emoluments paid (₹) | PF Contribution (₹) | Medical (₹) | Performance Linked Incentive (₹) |
|---|---|---|---|---|---|---|
| 1 | Ashok Chandra | MD & CEO | 8,14,591.74 | 53,241.29 | 6,774.10 | 0.00 |
| 2 | Atul Kumar Goel | MD & CEO | 33,23,364.00 | 2,01,960.00 | 1,47,471.05 | 21,54,240.00 |
| 3 | Kalyan Kumar | Executive Director | 38,46,780.00 | 2,44,200.00 | 1,06,126.01 | 18,96,480.00 |
| 4 | M Parasasivam | Executive Director | 37,42,230.00 | 2,44,200.00 | 1,20,489.00 | 18,96,480.00 |
| 5 | Bibhu Prasad Mahapatra | Executive Director | 35,27,076.00 | 2,30,160.00 | 1,50,580.77 | 8,65,462.00 |
| 6 | D Surendran | Executive Director | 69,807.49 | 4,562.57 | 0.00 | 0.00 |
| 7 | Binod Kumar | Executive Director | 29,53,046.13 | 1,92,619.33 | 73,776.72 | 18,96,480.00 |
| 8 | Vijay Dube | Executive Director | 0.00 | 0.00 | 0.00 | 8,05,600.00 |
Also Read: Salary of MD&CEO of Canara Bank, Check Salary and PLI
Sitting Fees Structure for Non-Executive Directors
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.
Sitting Fees Payable per Meeting
| Sr. No. | Meeting | Sitting Fees (₹) |
|---|---|---|
| (a) | Board | 70,000/- |
| (b) | Committee of Board | 35,000/- |
| (c) | For Chairing Board Meeting | 20,000/- [in addition to (a) above] |
| (d) | For Chairing Meeting of Committees | 10,000/- [in addition to (b) above] |
Total Sitting Fee Paid to Non-Executive Directors (2024–25)
| Sr. No. | Name of the Director (Shri/Smt.) | Sitting Fee Paid (₹) |
|---|---|---|
| 1 | K. G. Ananthakrishnan | 24,25,000/- |
| 2 | Pankaj Joshi | 22,60,000/- |
| 3 | Sanjeev Kumar Singhal | 23,35,000/- |
| 4 | Dr. Rekha Jain | 14,25,000/- |
| 5 | Jatinder Singh Bajaj | 17,80,000/- |
| 6 | Ambarish Ojha | 18,65,000/- |
Note: No sitting fee is payable to whole-time directors and directors representing Government of India and Reserve Bank of India.
Also Read: Salary of MD&CEO of Canara Bank, Check Salary and PLI
