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HDFC Bank Appoints Anup Bagchi as India Highest Paid Bank CEO
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CNBC TV18•08-10-2026, 15:32
HDFC Bank Appoints Anup Bagchi as India Highest Paid Bank CEO
- •Incoming HDFC Bank MD and CEO Anup Bagchi is set to become India's highest-paid bank CEO with an annualised compensation of nearly ₹35.9 crore.
- •The proposed package includes a fixed pay of ₹8.97 crore and a variable pay of ₹26.92 crore, which features cash and share-linked instruments.
- •Bagchi's compensation includes a one-time joining bonus consisting of restricted stock units and ESOPs valued at over ₹7 crore.
- •He will take charge as MD and CEO on October 27 for a three-year term, succeeding Sashidhar Jagdishan.
- •Bagchi brings over three decades of financial services experience, having previously held leadership roles at ICICI Bank and its group companies.
Key Questions Answered
Anup Bagchi's proposed annualised compensation is nearly ₹35.9 crore, which includes a fixed pay of ₹8.97 crore and a variable pay of ₹26.92 crore.
Anup Bagchi will take charge as Managing Director and CEO starting October 27, 2026, for a three-year term, succeeding Sashidhar Jagdishan.
Before joining HDFC Bank, Anup Bagchi spent over three decades in financial services within the ICICI Group, serving as MD and CEO of ICICI Prudential Life Insurance, executive director at ICICI Bank, and MD and CEO of ICICI Securities.
