HDFC Bank proposes up to ₹35.9 crore a year for incoming CEO Anup Bagchi

The Economic Times reports that HDFC Bank has proposed up to ₹35.90 crore in annual pay for Bagchi, potentially making him India’s highest-paid bank CEO based on disclosed packages at leading private banks. A one-time ₹7.35 crore stock-linked joining bonus could lift his overall package to ₹43.24 crore, subject to performance and vesting conditions. Shareholders are voting on his appointment and pay; Bagchi is scheduled to succeed Sashidhar Jagdishan on October 27.