{"id":7538,"date":"2020-07-19T22:26:10","date_gmt":"2020-07-19T22:26:10","guid":{"rendered":"https:\/\/bengalnewstimes.com\/?p=7538"},"modified":"2020-07-19T22:26:10","modified_gmt":"2020-07-19T22:26:10","slug":"hdfc-banks-aditya-puri-highest-paid-banker-in-fy20","status":"publish","type":"post","link":"https:\/\/bengalnewstimes.com\/?p=7538","title":{"rendered":"HDFC Bank&#8217;s Aditya Puri highest paid banker in FY20"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"article-image\">\n<figure><img loading=\"lazy\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-2028702 size-full\" data-lazy-type=\"image\" src=\"https:\/\/images.financialexpress.com\/2020\/07\/aditya-puri.jpg\" alt=\"\" width=\"660\" height=\"440\" srcset=\"\" sizes=\"auto, (max-width: 660px) 100vw, 660px\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-2028702 size-full\" data-lazy-type=\"image\" src=\"https:\/\/images.financialexpress.com\/2020\/07\/aditya-puri.jpg\" alt=\"\" width=\"660\" height=\"440\" srcset=\"\" sizes=\"auto, (max-width: 660px) 100vw, 660px\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-2028702 size-full\" src=\"https:\/\/images.financialexpress.com\/2020\/07\/aditya-puri.jpg\" alt=\"\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2020\/07\/aditya-puri.jpg 660w, https:\/\/images.financialexpress.com\/2020\/07\/aditya-puri-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2020\/07\/aditya-puri-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2020\/07\/aditya-puri-401x267.jpg 401w, https:\/\/images.financialexpress.com\/2020\/07\/aditya-puri-440x293.jpg 440w, https:\/\/images.financialexpress.com\/2020\/07\/aditya-puri-80x54.jpg 80w, https:\/\/images.financialexpress.com\/2020\/07\/aditya-puri-313x209.jpg 313w\" sizes=\"auto, (max-width: 660px) 100vw, 660px\"\/><\/noscript><\/noscript><span class=\"article-caption\">In 2018-19 fiscal, his gross salary was Rs 13.65 crore.<\/span><\/figure>\n<\/div>\n<p><a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/hdfc-bank-ltd-stock-price\/\" rel=\"noopener noreferrer\">HDFC Bank<\/a> Managing Director Aditya Puri has emerged as the highest paid banker among the top executives of leading lenders for FY2019-20, with his salary and prerequisites jumping to Rs 18.92 crore.\u00a0Puri, who built the bank into the largest by assets in the private sector and also the most valued one by investors over the last 25 years, earned an additional Rs 161.56 crore by exercising stock options during the year, the bank\u2019s annual report said.\u00a0The banker, who is set to retire in October this year on attaining the age of 70, had earned Rs 42.20 crore by exercising stock options in 2018-19.\u00a0In 2018-19 fiscal, his gross salary was Rs 13.65 crore.\u00a0A bank official said the <a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/tag\/rbi\/\" rel=\"noopener noreferrer\">RBI<\/a> approved bonus for the performance year 2017-18 and 2018-19 in 2019-20. \u201cIn effect, Puri got two years\u2019 bonus in one year.<\/p>\n<p>Hence the increase (in gross salary) appears to be 38 per cent. If we remove this, the increase is close to 20 per cent,\u201d the official said.\u00a0Its group head and \u201cchange agent\u201d Sashidhar Jagdishan, who is reported to be among the selected candidates to succeed Puri, earned a salary of Rs 2.91 crore in FY20, as per the annual report.<\/p>\n<p>Second largest private sector lender <a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/icici-bank-ltd-stock-price\/\" rel=\"noopener noreferrer\">ICICI Bank<\/a>\u2019s managing director and chief executive Sandeep Bakhshi\u2019s gross earnings stood at Rs 6.31 crore in his first full year as the head of the lender, the bank\u2019s annual report said.\u00a0Bakhshi, who took over in October 2018, had earned Rs 4.90 crore in FY19 as a part-year\u2019s payment, as per the lender\u2019s annual report.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/axis-bank-ltd-stock-price\/\" rel=\"noopener noreferrer\">Axis Bank<\/a>\u2019s managing director and chief executive Amitabh Chaudhry was paid Rs 6.01 crore for FY20 as against Rs 1.27 crore for the last three months of FY19, as per the bank\u2019s annual report.\u00a0The third largest private sector lender\u2019s head of retail, Pralay Mondal, who resigned recently citing unspecified compulsions, earned a remuneration of Rs 1.83 crore in FY20. The former HDFC Bank and <a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/yes-bank-ltd-stock-price\/\" rel=\"noopener noreferrer\">Yes Bank<\/a> executive is headed to join south-based <a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/csb-bank-ltd-stock-price\/\" rel=\"noopener noreferrer\">CSB Bank<\/a>.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/kotak-mahindra-bank-ltd-stock-price\/\" rel=\"noopener noreferrer\">Kotak Mahindra Bank<\/a>\u2019s managing director Uday Kotak, who owns 26 per cent in the lender, saw a reduction in his salary during the fiscal year.\u00a0He earned a gross salary of Rs 2.97 crore, which is an 18 per cent reduction from the year-ago period\u2019s Rs 3.52 crore, as per the annual report.\u00a0It can be noted that the city-headquartered bank is among the few lenders who have announced a salary cut of 10 per cent for senior executive earnings over Rs 25 lakh per annum from May 2020 onward, because of the COVID-19 pandemic.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/s-p-bse-sensex-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">BSE<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nifty-50-stock-price\/\" target=\"_blank\" rel=\"noopener noreferrer\">NSE<\/a>, <a href=\"https:\/\/www.financialexpress.com\/investing-abroad\/\" target=\"_blank\" rel=\"noopener noreferrer\">US Market<\/a> and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\"https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\"https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<p class=\"telegram-text\"><img loading=\"lazy\" decoding=\"async\" class=\"telegrma_img\" src=\"https:\/\/images.financialexpress.com\/2020\/04\/telegram.png\" alt=\"\" width=\"24\" height=\"24\" style=\"margin: 0px 5px 4px 0px; float: left;\"\/>Financial Express is now on Telegram. <a href=\"https:\/\/t.me\/TheFinancialExpressOnline\" target=\"_blank\" rel=\"noopener noreferrer\">Click here to join our channel<\/a> and stay updated with the latest Biz news and updates.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\\\"https:\/\/www.financialexpress.com\/industry\/banking-finance\/hdfc-banks-aditya-puri-highest-paid-banker-in-fy20\/2029041\/\\\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In 2018-19 fiscal, his gross salary was Rs 13.65 crore. HDFC Bank Managing Director Aditya Puri has emerged as the highest paid banker among the top executives of leading lenders for FY2019-20, with his salary and prerequisites jumping to Rs 18.92 crore.\u00a0Puri, who built the bank into the largest by [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7421,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[36],"tags":[],"class_list":["post-7538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking-business"],"jetpack_featured_media_url":"https:\/\/bengalnewstimes.com\/wp-content\/uploads\/2020\/07\/aditya-puri.jpg","_links":{"self":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/7538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7538"}],"version-history":[{"count":0,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/posts\/7538\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=\/wp\/v2\/media\/7421"}],"wp:attachment":[{"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bengalnewstimes.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}