HDFC Bank top executives highest paid bankers in FY24, ICICI brass next

Sashidhar Jagdishan, MD & CEO of HDFC Bank, was highest paid banker in India in FY23

The top executives of HDFC Bank, India’s largest private sector lender, were the highest earning bankers in FY24, according to data compiled by Business Standard from annual reports of banks.

Sashidhar Jagdishan, managing director (MD) and chief executive officer (CEO) of HDFC Bank, drew a remuneration of Rs 10.77 crore in FY24, according to the lender’s annual report. Kaizad Bharucha, deputy MD at HDFC Bank, drew a remuneration of Rs 11.12 crore.

“The bank follows a total compensation approach, which includes cash variable pay and equity-based incentives that are longer term in nature. At a total compensation