Archive · 1 Oct 2026
HDFC Bank CEO Jagdishan Earned ₹15.13 Crore in FY26
Sashidhar Jagdishan was the CEO and Managing Director of HDFC Bank during the financial year ending in March 2026.
The bank’s annual report says he received ₹15.13 crore during that year.
His pay included salary, allowances, a performance bonus and other payments.
His performance bonus increased compared with the previous year.
His employee stock option holdings also more than doubled.
Kaizad Maneck Bharucha, the bank’s Deputy Managing Director, earned even more at ₹17.14 crore.
Jagdishan will leave his position on October 26.
Anup Bagchi, who previously worked at ICICI, has been approved as the bank’s next CEO and Managing Director.
HDFC Bank CEO and Managing Director Sashidhar Jagdishan received ₹15.13 crore for the financial year ending March 2026.
Jagdishan’s performance bonus rose to ₹7.28 crore from ₹4.67 crore in the previous fiscal year.
His ESOP holdings increased from 2.12 lakh shares to 4.28 lakh shares.
Deputy Managing Director Kaizad Maneck Bharucha earned ₹17.14 crore, exceeding Jagdishan’s total remuneration.
Anup Bagchi, an ICICI veteran, will replace Jagdishan as HDFC Bank CEO and Managing Director on October 26.
- Who
- Sashidhar Jagdishan, Kaizad Maneck Bharucha and Anup Bagchi are the principal executives mentioned.
- What
- HDFC Bank disclosed executive remuneration for FY26 and announced Jagdishan’s replacement.
- When
- The remuneration relates to the financial year ending March 2026; Jagdishan is scheduled to leave on October 26.
- Where
- HDFC Bank.
- Why
- Jagdishan decided not to seek reappointment after his term ends, and the Reserve Bank of India approved Anup Bagchi as his successor.
- Jagdishan’s total remuneration
- ₹15.13 crore in FY26
- Jagdishan’s basic pay
- ₹3.09 crore
- Jagdishan’s allowances
- ₹3.46 crore
- Jagdishan’s performance bonus
- ₹7.28 crore, up from ₹4.67 crore in FY25
- Jagdishan’s ESOP holdings
- Increased from 2.12 lakh to 4.28 lakh shares
- Bharucha’s total remuneration
- ₹17.14 crore in FY26
- Incoming CEO
- Anup Bagchi, an ICICI veteran, approved by the Reserve Bank of India