HDFC Bank top brass get hefty FY26 pay hikes; Deputy MD's Rs.17.14 crore pay package tops CEO Sashidhar Jagdishan's
New Delhi, July 12 -- HDFC Bank Managing Director and CEO Sashidhar Jagdishan's total remuneration reached Rs.15.13 crore for the financial year ended March 2026, marking a 19 percent surge from the prior fiscal, the lender's latest annual report reveals.
While Jagdishan's basic pay held steady at Rs.3.09 crore and allowances totaled Rs.3.46 crore, his performance bonus skyrocketed nearly 35 percent, climbing from Rs.4.67 crore in FY25 to Rs.7.28 crore in FY26. His employee stock option plan (ESOP) holdings also doubled, rising from 2.12 lakh to 4.28 lakh shares. Additionally, aligned with RBI guidelines, Jagdishan received a 50 percent cash variable pay component of Rs.2.67 crore for his performance in 2024-25, disbursed in January 2026...
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