👥 HR & Workplace🇮🇳 India
HDFC Bank's Deputy MD Out-Earns CEO With ₹17.14 Crore Pay Package in FY26
Mint·Monday, 13 July 2026
HDFC Bank's Deputy MD Kaizad Bharucha took home ₹17.14 crore in FY26, edging past CEO Sashidhar Jagdishan's ₹15.13 crore package. Jagdishan's basic pay stayed flat at ₹3.09 crore, but his performance bonus jumped nearly 35%. The pay disclosures come as the bank also dealt with a high-profile chairman exit that raised governance questions.
Why It Matters
HDFC Bank is India's largest private sector bank, and its executive pay decisions reflect how top financial institutions reward leadership — a benchmark many other companies follow.
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