HDFC Bank CEO highest paid banker in FY25; takes home Rs 12 crore – check how much other top bank bosses got – OXBIG NEWS NETWORK-OxBig News Network

Top executives at India’s private banks saw only modest increases in their FY25 pay packages, as the Reserve Bank of India maintained strict oversight on CEO compensation, with salaries, bonuses, and stock options requiring prior regulatory approval as part of a wider effort to ensure transparency and restraint, according to an ET report.Here is how much some of the bosses made over the last financial year.Sashidhar Jagdishan, HDFC Bank’s managing director and CEO, emerged as India’s highest-paid banker in the financial year 2024–25, with a total salary exceeding Rs 12 crore, marking a 12% rise from the previous year. Additionally, he was also granted 212,052 shares in employee stock options (ESOPs), which, based on current market prices, valued at over Rs 42 crore.Ashok Vaswani of Kotak Mahindra Bank, was paid Rs 13 crore, along with 18,580 ESOPs worth more than Rs 4 crore, according to an ET report.Amitabh Chaudhry, CEO of Axis Bank, drew a salary of Rs 9.11 crore, down 5.4% year-on-year. He received over 259,429 stock options, currently worth more than Rs 30 crore.Meanwhile, IDFC First Bank’s V Vaidyanathan earned Rs 5.54 crore, a 4.5% increase from last year, and was allotted more than 24,20,626 stock options valued close to Rs 18 crore.ICICI Bank’s Sandeep Bakhshi was paid Rs 9.96 crore in FY24, but the latest year’s compensation figures are yet to be released.