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Anup Bagchi set to become India's highest-paid bank CEO, may earn Rs 35.9 crore a year
Economic Times 2 hrs ago·9 Oct 2026, 12:27 am
HDFC Bank has proposed a remuneration package of Rs 35.9 crore for its incoming CEO, Anup Bagchi. This significant offer includes a fixed salary, performance-linked bonuses, and a one-time joining grant. The proposal will be put to shareholders for approval via a postal ballot, with voting concluding on November 6.
This compensation package is notably higher than that of the bank's outgoing CEO, Sashidhar Jagdishan, and surpasses the earnings of peers in the sector. For investors, this development highlights the intense competition for top banking talent and the high cost associated with leadership transitions in the industry.
Investors should monitor the outcome of the shareholder vote and how the bank communicates the strategic rationale behind this premium pay structure. The approval will set a benchmark for executive compensation in the Indian banking sector.
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Key takeaways
- Concerns HDFC Bank (HDFCBANK).
- Category: Company.
Why it matters
A routine update for HDFC Bank. Use the price and stock snapshot to gauge how the market is responding.
