HDFC Bank’s managing director and CEO, Sashidhar Jagdishan, took home Rs 12.08 crore as annual pay in FY25, up 11.8% from Rs 10.8 crore a year ago. 

Jagdishan’s pay pack included a basic salary of Rs 3.09 crore, allowances and perquisites of Rs 3.46 crore and a performance bonus of Rs 4.67 crore.

Contributions to the provident fund and superannuation were Rs 37.08 lakh and Rs 46.36 lakh, respectively. 

As part of the long-term incentive plan, Jagdishan was granted 2.12 lakh employee stock options during the year.

Kaizad Bharucha, deputy MD of HDFC Bank, was paid Rs 11.01 crore in the same financial year, slightly lower than the Rs 11.13 crore he took home in FY24.

As per the bank’s annual report, Bharucha received a basic salary of Rs 2.81 crore while allowances and perquisites stood at Rs 3.25 crore in FY25. Performance bonus was at Rs 4.19 crore for the financial year. He was granted 1.30 lakh employee stock options during the year.

Contributions to the provident fund and superannuation were at Rs 33.71 lakh and Rs 42.14 lakh, respectively. 

Jagdishan, in his message to HDFC Bank's stakeholders in the annual report, said that after successfully navigating the merger with erstwhile HDFC Ltd, the bank is now positioned for faster growth in the current fiscal. 

"As stated earlier, we are confident of growing our advances on par with the system in FY26 and higher than the system in FY27. The growth enablers, apart from balance sheet strength, remain technology, customer centricity and our people,” he said.