1 week Ago By Prashant Tamta
Many IITs and IIMs alumni are leading big corporate companies in the country. They get whopping salaries for the roles of CEO or MD. However, India's largest private bank, HDFC Bank, is not led by any IIT or IIM.
Rather it is headed by a Mumbai University alumnus. His name is Sashidhar Jagdishan, Managing Director (MD) and Chief Executive Officer (CEO) of HDFC Bank, whose market cap is Rs 13.72 lakh crore as of January 2.
Jagdishan has been leading the bank since October 27, 2020. He has over 30 years of experience in the banking sector. Jagdishan joined HDFC Bank in 1996 as a manager in the finance department.
Before this, he worked at Deutsche Bank AG in Mumbai for three years. Born in Mumbai, he also completed his bachelor's in Science (Physics) from Mumbai University. He also holds a Master's degree in Economics of Money, Banking, and Finance from the University of Sheffield, UK.
Jagdishan is also a qualified Chartered Accountant (CA). READ | BIG win for Mukesh Ambani, Maharashtra's biggest industrial land parcel sold to Reliance for Rs..
. He was the highest-paid bank CEO in FY23 when he earned over Rs 10.55 crore in overall pay, according to disclosures made in annual reports in 2023.
Jagdishan's package included a basic salary of Rs 2.82 crore, allowances and perquisites of Rs 3.31 crore, provident fund of Rs 33.
92 lakh and a performance bonus of Rs 3.63 crore..
