Anup Bagchi set to become India's highest-paid bank CEO, may earn Rs 35.9 crore a year

HDFC Bank has proposed a substantial annual remuneration package of ₹35.9 crore for Anup Bagchi, subject to shareholder approval. This package would include a fixed pay component and performance-linked variable compensation, along with a one-time joining bonus. Bagchi’s proposed compensation significantly exceeds that of outgoing CEO Sashidhar Jagdishan and other banking peers. The company's shareholders will vote on this proposal through a postal ballot until November 6.