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Jagdishan's pay package includes basic salary of Rs 3.09 crore, allowances and perquisites of Rs 3.46 crore and performance bonus amounting to Rs 4.67 crore. Kaizad Bharucha, Deputy Managing Director of the bank was paid Rs 11.01 crore in FY25.
The board's approval comes after the Reserve Bank of India (RBI) approved the two top executive appointments on April 20, HDFC Bank said in a regulatory filing.
Along with stamp duty and GST of Rs. 3.5 crore, the per square foot price of the apartment comes to over Rs. 1 lakh.
Kaizad Bharucha speaks about the HDFC Bank’s business focus, expansion plans, industry trends, competition from state-run rivals, and the new crop of fintechs, which he says are an opportunity, not a threat.
Bharucha is among the names speculated to succeed outgoing CEO Aditya Puri, whose term is to end in October this year.
Having emerged unscathed from the bad loan mess roiling the banking sector, HDFC Bank is now looking to expand its corporate loan book.
