Private Bank CEOs Salaries On The Rise

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Posted by AI on 2025-07-18 13:18:14 | Last Updated by AI on 2025-07-18 11:20:11

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Whether its salary freezes or salary hikes, the debate about bank CEO compensation has been a contentious one. Most recently, private bank chiefs are reportedly set to see a 4-12% hike in their salaries for the fiscal year 2025, according to a BloombergQuint report referencing executive compensation advisory firm Meridian Compensation. Of the seven listed private banks compared, which ones are likely to see the most significant salary increases?

Lead: How Much Do Bank Chiefs Earn? Yesterday, BloombergQuint reported a potential 4-12% salary increase for private bank CEOs for the fiscal year 2025. These compensation projections seem to be climbing, climbing higher than previous years.

The Maximum Salary: Among private sector peers, HDFC Bank CEO Sashidhar Jagdishan sees the steepest annual hike of 11.96%, with a total pay of Rs 12.08 crore in FY25, excluding employee stock options. This compensation is the highest among the peers and has risen steadily over the years. According to Bloomberg, in FY20, Jagidshan's pay was Rs 8.54 crore, which increased to Rs 10.10 crore in FY21 and Rs 11.40 in FY22, a jump of over 25% in the last three years.

The Catch: While some bank CEOs are taking substantial hikes, not everyone is benefiting from the rising tide. For example, Axis Bank CEO Amitabh Chaudhry saw his compensation remain unchanged for the second year in a row, according to the BloombergQuint report.

The Conclusion: As the banking sector continues to face challenges and opportunities, bank CEO compensation will likely remain in the spotlight. Whether these projected increases will curb public discontent with bank CEOs and their salaries remains to be seen.

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