HDFC Bank's Aditya Puri top gainer in salary hike

Mumbai: HDFC Bank’s Aditya Puri saw the maximum jump in remuneration among private bank chiefs in 2015-16, with a 31 per cent growth at Rs 9.73 crore. Axis Bank’s Shikha Sharma came in second, whose compensation package jumped 28 per cent to Rs 5.50 crore.

The decision to give up bonuses after RBI-mandated asset quality review (AQR) saw ICICI Bank MD and CEO Chanda Kochhar’s salary decline 22 per cent to Rs 4.79 crore in the year gone by, as declared in bank annual reports.

If the Rs 1.16-crore bonus that Ms Kochhar received in 2014-15 is excluded, her remuneration grew 14.47 per cent in 2015-16. Yes Bank chief Rana Kapoor saw a 20.76 per cent pay hike at Rs 5.67 crore. For Kotak Mahindra Bank’s Uday Kotak, the corresponding figure was over 9 per cent at Rs 2.47 crore in 2015-16.