HDFC bank’s Aditya Puri saw highest salary rise among private bank CEOs

MUMBAI: HDFC Bank’s Aditya Puri saw the maximum jump in remuneration among private bank chiefs in 2015-16, with a 31% growth at Rs 9.73 crore. Axis Bank’s Shikha Sharma came in second, with a 28% rise in compensation package to Rs 5.50 crore. The decision to give up bonuses after RBI-mandated asset quality review (AQR) saw ICICI Bank MD and CEO Chanda Kochhar’s salary decline 22% to Rs 4.79 crore in the year gone by, according to the bank’s annual reports. If the Rs 1.16-crore bonus Kochhar received in 2014-15 is excluded, her remuneration grew 14.47% in 2015-16. Yes Bank chief Rana Kapoor saw a 20.76% hike in remuneration at Rs 5.67 crore. For Kotak Mahindra Bank’s Uday Kotak, the corresponding figure was over 9% at Rs 2.47 crore in 2015-16.

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