In a podcast interview, former SBI Chairman Rajnish Kumar said that he received Rs.28 lac as Chairman of SBI. This salary is very less when compared to the salary recived by private sector banks MDs and CEOs.
The CEOs of private banks received approximate salary of Rs.10 crore per year while the Chairman of India’s largest Public Sector Bank recieved salary of Rs.28 lacs per year.
Mr. Rajnish Kumar said that not only the salary but the pension is also very less. He gets around Rs.1 lac as pension and it is very difficult to afford the lifestyle that he is used to while being the Chairman of SBI.
It is so less that it’s not possible to purchase home with this much pension amount. He also said that the employees in private sector earn a lot of money and can even earn in crores while working for only one hour.
He said that the amont of pressure in banking is severe and is increasing day by day but the salary is very less. He said that he got a lot of allowances while being Chairman of SBI such as grand bungalow in Malabar Hills, Car worth Rs.30/40 lacs and many more.
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