HDFC Bank’s Jagdishan highest paid bank CEO in FY23 with Rs 10.55 cr pay

Mumbai, August 07, 2023.

HDFC Bank’s Sashidhar Jagdishan has emerged as the highest-paid bank chief executive in FY23, grossing over Rs 10.55 crore in overall pay.

Jagdishan’s colleague Kaizad Bharucha, the deputy managing director of the largest private sector lender, drew Rs 10 crore for the fiscal year and may be the second-highest grossing banker in the country, according to disclosures made in annual reports.

Among the bank CEOs, Axis Bank’s Amitabh Chaudhry’s Rs 9.75 crore payout was the second biggest and he was closely followed by Sandeep Bakhshi of bigger rival ICICI Bank, who drew Rs 9.60 crore for the fiscal year.