From Financialexpress · Kshipra Petkar · · 1m
HDFC Bank CEO Anup Bagchi to Lead Highest-Paid Private Bank Exec
HDFC Bank's Anup Bagchi set to become highest-paid CEO among private banks with Rs 35.9 crore annual package.
In brief
HDFC Bank's Anup Bagchi set to become highest-paid CEO among private banks with Rs 35.9 crore annual package. HDFC Bank's incoming CEO Anup Bagchi will receive Rs 35.9 crore annually, including Rs 26.92 crore in performance-linked pay, making him the highest-paid CEO among major private sector banks. Originally…
HDFC Bank CEO Compensation
HDFC Bank's incoming CEO Anup Bagchi will receive Rs 35.9 crore annually, including Rs 26.92 crore in performance-linked pay.
Compensation Breakdown
The package includes Rs 8.97 crore fixed pay and up to Rs 26.92 crore variable pay, with Rs 18.04 crore in ESOPs.
Peer Comparison
Kotak Mahindra Bank CEO earned Rs 17.24 crore, while HDFC Bank deputy MD earned Rs 17.14 crore in FY26.
Performance Linkage
Up to 300% of fixed pay is variable, with Rs 8.88 crore cash and Rs 18.04 crore ESOPs over four years.
Next Steps
Bagchi takes charge on October 27, 2024, for a three-year term ending October 26, 2029.
The big picture
HDFC Bank's incoming CEO Anup Bagchi will receive Rs 35.9 crore annually, including Rs 26.92 crore in performance-linked pay, making him the highest-paid CEO among major private sector banks.
