The State Bank of India (SBI), the largest bank in the country, has released the details of remuneration for its Chairman and Managing Directors for the fiscal year 2023. The total remuneration for these positions amounted to over Rs 1.3 crores.
|Executive||Total Remuneration (in Cr Rs.)|
|Dinesh Kumar Khara, Chairman||0.7398|
|Challa Sreenivasulu Setty, MD||0.3629|
|Swaminathan Janakiraman, MD||0.7158|
|Ashwini Kumar Tewari, MD||0.7158|
|Ashwani Bhatia, MD||0.0113|
|Alok Kumar Choudhary, MD||0.2855|
Dinesh Kumar Khara, the Chairman of SBI, topped the list with a total earning of Rs 0.7398 crore. His remuneration included a basic salary of Rs 0.27 crore, Dearness Allowance (DA) of Rs 0.0999 crore, and other allowances totaling Rs 0.3699 crore. He served as Chairman from 7th October 2020 to 6th October 2023.
Challa Sreenivasulu Setty, a Managing Director, received a total of Rs 0.3629 crore. His earnings consisted of a basic pay of Rs 0.2634 crore, DA of Rs 0.0975 crore, and other benefits worth Rs 0.001 crore. His tenure runs from 20th January 2023 to 19th January 2025.
Swaminathan Janakiraman, another Managing Director, earned a total of Rs 0.7158 crore, including a basic salary of Rs 0.2612 crore, DA of Rs 0.0967 crore, and other allowances of Rs 0.3579 crore. His term is from 28th January 2021 to 27th January 2024.
Ashwini Kumar Tewari, also a Managing Director, received the same remuneration details as Swaminathan, with a total of Rs 0.7158 crore for the same tenure period.
Ashwani Bhatia, who served as a Managing Director for two months from 1st April 2022 to 31st May 2022, earned a total of Rs 0.0113 crore. His remuneration package included a basic salary of Rs 0.0042 crore, DA of Rs 0.0014 crore, and other benefits amounting to Rs 0.0057 crore.
Alok Kumar Choudhary, who served as Managing Director from 7th June 2022 to 31st March 2023, earned a total of Rs 0.2855 crore. His compensation consisted of a basic pay of Rs 0.2067 crore, DA of Rs 0.0779 crore, and other allowances of Rs 0.0000385 crore.