Rana Kapoor earned 25% more in FY13

Kapoor was paid Rs 1.79 crore as salary and allowances during last financial year

Rana Kapoor, co-founder, managing director and chief executive of YES Bank, earned 25 per cent more salary in 2012-13 compared to a year earlier.

He was paid Rs 1.79 crore as salary and allowances against Rs 1.43 crore in 2011-12. He got leave fare concession and was entitled to perquisites such as furnished leased accommodation and use of the bank’s car, provident fund and gratuity.

HDFC Bank’s Managing Director Aditya Puri remained the highest paid banking chief in the country despite taking a lower increment than his counterparts in rival banks during 2012-13. His remuneration rose 2.4 per cent to Rs 5.02 crore.

ICICI Bank’s Managing Director and Chief Executive Chanda Kochhar earned Rs 4.10 crore. Axis Bank’s Managing Director and Chief Executive Shikha Sharma received Rs 3.41 crore during this period. Kochhar received a 8.7 per cent pay rise and Sharma’s income increased 14 per cent in 2012-13.

According to sectoral analysts, the top private banks in the country have performed better than their state-run rivals in recent years and improved their profitability despite an uncertain macro-economic environment.

In 2012-13, YES Bank’s net profit increased 33 per cent from a year earlier to Rs 1,301 crore. ICICI Bank’s standalone net profit was up 29 per cent, HDFC Bank’s 30 per cent and Axis Bank’s 22 per cent during this period.