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HDFC Bank's Aditya Puri emerged as the highest grossing banker among the top three private sector lenders in his retirement year with total emoluments of Rs 13.82 crore. His successor Sashidhar Jagdishan, who took over as the chief executive and managing director of the largest private sector lender on October 27, 2020 grossed a salary of Rs 4.77 crore for the fiscal year, which included payments as a group head till his elevation. Puri's overall payments included Rs 3.5 crore as post-retirement&nbsp;benefits.
Its immediate rival&nbsp;ICICI Bank's MD and CEO Sandeep Bakhshi "voluntarily relinquished" his fixed compensation of basic and supplementary allowances for FY21, which had seen wide-scale impact of the COVID pandemic, as per the second largest lender's annual report.
Bakhshi, however, did receive allowances and perquisites amounting to Rs 38.38 lakh, the document said, adding he also got Rs 63.60 lakh as performance bonus from ICICI Prudential Life Insurance Company as deferred variable pay for FY17 and FY18.
Amitabh Chaudhry, who has been leading the third largest private sector lender Axis Bank, got paid Rs 6.52 crore, the bank's annual report said, adding that the top management was not given any salary increment in FY21.
Data available for 'crorepati' bankers, or those earning above Rs 8.5 lakh a month, revealed that HDFC Bank had 200 executives in this exclusive club, including key management personnel, serving officials and those who left the lender midway through the fiscal year.

Crorepati Bankers: Which banker got paid the most, while which banker decided to forego salary? 

Pandemic Payslips: Which banker got paid the most, while which banker decided to forgo salary? A sneak peek into the world of 'crorepati bankers'

Crorepati Bankers

Aditya Puri&nbsp;takes in his swan song salary statement at a whopping&nbsp;Rs 13.82 crore.

HDFC Bank's Aditya Puri emerged as the highest grossing banker among the top three private sector lenders in his retirement year with total emoluments of Rs 13.82 crore. His successor Sashidhar Jagdishan, who took over as the chief executive and managing director of the largest private sector lender on October 27, 2020 grossed a salary of Rs 4.77 crore for the fiscal year, which included payments as a group head till his elevation. Puri's overall payments included Rs 3.5 crore as post-retirement&nbsp;benefits.
Its immediate rival&nbsp;ICICI Bank's MD and CEO Sandeep Bakhshi "voluntarily relinquished" his fixed compensation of basic and supplementary allowances for FY21, which had seen wide-scale impact of the COVID pandemic, as per the second largest lender's annual report.
Bakhshi, however, did receive allowances and perquisites amounting to Rs 38.38 lakh, the document said, adding he also got Rs 63.60 lakh as performance bonus from ICICI Prudential Life Insurance Company as deferred variable pay for FY17 and FY18.
Amitabh Chaudhry, who has been leading the third largest private sector lender Axis Bank, got paid Rs 6.52 crore, the bank's annual report said, adding that the top management was not given any salary increment in FY21.
Data available for 'crorepati' bankers, or those earning above Rs 8.5 lakh a month, revealed that HDFC Bank had 200 executives in this exclusive club, including key management personnel, serving officials and those who left the lender midway through the fiscal year.

Aditya Puri: "Covid-19 is an opportunity to gain market share" | BOOM

The Indian banking system has been under stress for some time. When much of the economy is also facing severe pressure, there are concerns about whether our money as depositors is safe with the banking system or at the mercy of rising NPAs of our banks. BOOM Explains more with&nbsp; HDFC's Aditya Puri.
Aditya Puri, MD, HDFC Bank says that HDFC bank sees COVID-19 as a great opportunity. He says, "The whole world is in a turmoil. We are sitting on good capital, capital adequacy and deposits. Anybody who wants to sell his asset to me, I'm a buyer. And we are growing, you see the results. So we see this as an opportunity to gain market share. HDFC Bank will only become stronger and stronger over the next two to three years."
Watch BOOM's Govindraj Ethiraj interview Aditya Puri of HDFC bank on NPA's growth and the opportunity arising from COVID-19 restrictions throughout the world.

US law firms file class-action suits against HDFC Bank

US-based Rosen Law Firm and Schall Law Firm have filed class-action suits against&nbsp;HDFC Bank&nbsp;alleging misleading public statements and for failing to inform investors about the bank's improper internal controls on vehicle loans.
The lawsuits named outgoing-MD&nbsp;Aditya Puri, CEO&nbsp;Sashidhar Jagdishan, and company secretary Santosh Haldankar.
Rosen Law filed the suit on behalf of investors who purchased&nbsp;HDFC Bank&nbsp;equity between July 31, 2019 and July 10, 2020.

US-based Rosen Law Firm and Schall Law Firm have filed class-action suits against&nbsp;HDFC Bank&nbsp;alleging misleading public statements and for failing to inform investors about the bank's improper internal controls on vehicle loans.
The lawsuits named outgoing-MD&nbsp;Aditya Puri, CEO&nbsp;Sashidhar Jagdishan, and company secretary Santosh Haldankar.
Rosen Law filed the suit on behalf of investors who purchased&nbsp;HDFC Bank&nbsp;equity between July 31, 2019 and July 10, 2020.

aditya puri

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