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Aditya Puri, the MD of HDFC Bank saw the maximum jump in remuneration among private bank chiefs in 2015-16 with a 31 percent increase at Rs 9.73 crore.
The MD and CEO of Axis Bank Shikha Sharma came in second, whose compensation package jumped 28 percent to Rs 5.50 crore.
Rana Kapoor, Yes Bank’s chief saw a 20.76 percent hike in remuneration at Rs 5.67 crore whereas Kotak Mahindra Bank’s Uday Kotak saw the corresponding figure over 9 percent at Rs 2.47 crore in 2015-16.
ICICI Bank’s MD and CEO, after deciding to give up bonuses as RBI mandated asset quality review (AQR) saw salary decline of 22 percent to Rs 4.79 crore in the year gone by as declared in bank annual report. Her remuneration grew 14.47 percent in 2015-16 if the Rs 1.16 crore bonus Kochhar received in 2014-15 is excluded.
