India’s Highest Paid Bankers – A Quick List

By Sheetal Kumari | March 3, 2025 MC Desk | July 17, 2025

Sashidhar Jagdishan – HDFC Bank

(Image: Canva) (Image: Canva) (Image: Canva) India’s highest-paid banker, Jagdishan earned over Rs 12 crore salary and got ESOPs worth Rs 42.4 crore. (Image: Canva)

Ashok Vaswani – Kotak Mahindra Bank

(Image: Canva) (Image: Canva) (Image: Canva) Vaswani drew nearly Rs 13 crore in salary with ESOPs valued at over Rs 4 crore. (Image: Canva)

Sandeep Bakhshi – ICICI Bank

(Image: Canva) (Image: Canva) (Image: Canva) Bakhshi received Rs 9.96 crore in salary in FY24; FY25 numbers are yet to be disclosed. (Image: Canva)

Amitabh Chaudhry – Axis Bank

(Image: Canva) (Image: Canva) (Image: Canva) Chaudhry earned Rs 9.11 crore, down 5.4% YoY, with stock options worth over Rs 30 crore. (Image: Canva)

V Vaidyanathan – IDFC First Bank

(Image: Canva) (Image: Canva) (Image: Canva) Vaidyanathan got Rs 5.54 crore salary and ESOPs worth around Rs 18 crore. (Image: Canva)

RBI’s Role in Bank CEO Pay

(Image: Canva) (Image: Canva) (Image: Canva) The RBI closely monitors CEO pay, requiring prior approval for salaries and stock options. (Image: Canva)

Modest Salary Increases

(Image: Canva) (Image: Canva) (Image: Canva) Most bank chiefs saw only marginal hikes in FY25 amid tighter regulatory oversight. (Image: Canva)

ESOPs Boost Total Compensation

(Image: Canva) (Image: Canva) (Image: Canva) ESOPs significantly raised total pay for top executives, especially in HDFC, Axis, and IDFC First. (Image: Canva)

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India’s Highest Paid Bankers – A Quick List