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Anup Bagchi is set to earn Rs 43 crore in compensation in his first year as the chief executive and managing director of HDFC Bank, making him the highest-paid banker in the country.Exchange filings by the largest private sector lender showed that the ICICI Group veteran is set to be paid Rs 8.97 c…
HDFC Bank's incoming MD and CEO Anup Bagchi will get target annual compensation of Rs 35.9 crore, with a Rs 7.3-crore one-time equity grant taking potential pay to Rs 43.2 crore. He takes charge Oct 27 after Sashidhar Jagdishan's exit.
HDFC Bank has proposed an annual compensation package of up to Rs 35.90 crore for Anup Bagchi. This remuneration could increase to Rs 43.24 crore with performance-based stock bonuses. Bagchi