# 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.
- Title: HDFC Bank CEO Anup Bagchi to Lead Highest-Paid Private Bank…
- Summary: 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…
- Keywords: hdfc bank, anup bagchi, reserve bank of india, ceo compensation, private sector banks, rs 35.9 crore, performance-linked pay, esops, business, money, news, HDFC
- Source: Financialexpress — https://financialexpress.com/business/banking-finance-hdfc-banks-anup-bagchi-set-to-become-highest-paid-ceo-among-private-peers-4356976
- Author: Kshipra Petkar
- Published: 2026-10-08T18:07:22+00:00
- Read time: 1 min
- Topics: hdfc bank, anup bagchi, reserve bank of india, ceo compensation, private sector banks, rs 35.9 crore, performance-linked pay, esops, business, money, news
## 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.
## Key takeaway

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.