Top 3 banks reward CEOs with handsome pay hike

The top three private sector banks in the country, ICICI Bank, HDFC Bank and Axis Bank have rewarded their chief executives with higher remuneration in 2011-12 – in line with the improved performance of their organizations.

ICICI Bank, the largest private sector bank in India, increased the remuneration of its Managing Director Chanda Kochhar by 33.2%. Kochhar received Rs 4.25 crore in 2011-12 compared to Rs 3.19 crore she earned in the previous year.

HDFC Bank’s Managing Director Aditya Puri got 25% hike. He earned Rs 4.90 crore  in 2011-12 compared to Rs 3.92 crore in the previous year.

Shikha Sharma, MD of Axis Bank, received Rs 2.53 crore in 2011-12, or 14% more pay than the previous year.

Leave a Reply

Your email address will not be published. Required fields are marked *