The list of the highest paid bank CEOs has been drawn with a general focus on the Indians.Though much is not known about their salaries in terms of exact figures, we have tried to compile the list keeping in view the recent hikes experienced by them, the salaries drawn by them in the recent past and also the reputation of the banks they work for.
Before going into further details of the following list, it is imperative to mention that the complete dominance of private banks in this matter (i.e, salaries of CEOs) is unassailable. The major discrepancy between salaries pocketed by CEOs of the private banks and those of the public banks is rued by many. While the former are pocketing yearly pay packages worth more than crores, the latter have to be content with much lesser pay. As per latest information, RBI does not have clear guidelines governing CEO salaries in private banks, the same are mostly influenced by the size of banks and might be by profitability in some cases:
Aditya Puri, Managing Director of HDFC Bank
is counted among the most well paid Bank CEOs of India with his earnings pegged at INR 4.90 crore last year after a 25% raise, including his bonus, PF, allowances etc?
Chanda Kochhar, ICICI Bank: According to economictimes.indiatimes.com, Chanda Kochhar tops the list of the top 10 most powerful women CEOs for the year 2012. She had received a whopping pay rise of 33.2 percent from the previous year and ended up pocketing INR 4.25 crore in 2011-2012.
Shikha Sharma, Axis Bank: Economictimes.indiatimes.com placed the Managing Director of Axis Bank at the fourth place of the same list as mentioned above. Her earnings stood at INR 2.53 crore (not including retirement benefits, superannuation fund, PF and gratuity) in the year 2011-2012, a sharp 14 percent rise from the previous year.
Rana Kapoor, Yes Bank chief pocketed a cool 1.28 crores in the recent past, and there was no way in which we could exclude him from the list.
Uday Kotak, Vice Chairman and CEO, Kotak Mahindra Bank:
He earned something around INR 1.13 crore between the years 2009-2010.
Romesh Sobti, CEO of Indusland Bank
In the year 2009 was ahead of the likes of Chanda Kochhar and Aditya Puri in terms of his remuneration. Though a lot is not known about his present salaries, he drew a whopping INR 2.44 crore in that year.?The only reason he is placed so low in the list despite earning those kind of figures way back in 2009, is because his recent salaries are not known.