Branch² Intelligence
At HDFC Bank, CEO Not The Highest Paid In FY26 — Deputy MD Takes The Crown
Key takeaway
HDFC Bank's Deputy MD Kaizad Bharucha earned more than CEO Sashidhar Jagdishan in FY26, driven by bonus and stock options.
- Step 1HDFC Bank's Deputy MD receives higher pay than CEO, signaling a talent retention strategy.
- Step 2This may prompt other private banks to review and potentially increase executive compensation to retain top talent.
- Step 3Higher executive pay costs could compress net interest margins if not offset by revenue growth, but impact is marginal for large banks.
Source: IN:NDTV Profit
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