Anup Bagchi set to become India's highest-paid bank CEO, may earn Rs 35.9 crore a year
HDFC Bank has proposed a substantial annual remuneration package of ₹35.9 crore for Anup Bagchi, subject to shareholder approval. This package would include a fixed pay component and performance-linked variable compensation, along with a one-time joining bonus. Bagchi’s proposed compensation significantly exceeds that of outgoing CEO Sashidhar Jagdishan and other banking peers. The company's shareholders will...
Key Takeaways
- HDFC Bank has proposed a substantial annual remuneration package of ₹35.9 crore for Anup Bagchi, subject to shareholder approval.
- This package would include a fixed pay component and performance-linked variable compensation, along with a one-time joining bonus.
- Bagchi’s proposed compensation significantly exceeds that of outgoing CEO Sashidhar Jagdishan and other banking peers.
HDFC Bank has proposed a substantial annual remuneration package of ₹35.9 crore for Anup Bagchi, subject to shareholder approval. This package would include a fixed pay component and performance-linked variable compensation, along with a one-time joining bonus. Bagchi’s proposed compensation significantly exceeds that of outgoing CEO Sashidhar Jagdishan and other banking peers. The company's shareholders will vote on this proposal through a postal ballot until November 6.
Original Publisher Attribution
This summary was curated from Economic Times.