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SBI Chairman earned Rs34.42 lakh last fiscal, significantly lower than the salaries of most CEOs of private banks in FY21

SBI Chairman earned Rs34.42 lakh last fiscal, significantly lower than the salaries of most CEOs of private banks in FY21

SBI Chairman earned Rs34.42 lakh last fiscal, significantly lower than the salaries of most CEOs of private banks in FY21
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By CNBCTV18.com Jun 6, 2022 8:34 PM IST (Updated)

Of the Rs 34.42 lakh, SBI's Chairman Dinesh Khara received Rs27 lakh as basic salary and Rs7.42 lakh as dearness allowance in FY22.

SBI Chairman Dinesh Khara's salary for the previous fiscal year was Rs 34.42 lakh, which was 13.4 percent more than his predecessor Rajnish Kumar, according to the bank's FY22 annual report.

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Of the Rs 34.42 lakh, Khara received Rs27 lakh as basic salary and Rs7.42 lakh as dearness allowance.
Khara had joined the State Bank of India (SBI) in 1984 as a probationary offer. He took charge as the Chairman of the bank in October 2020. Prior to that, he had served as the bank's Managing Director and he was in-charge of the SBI subsidiaries, global banking, among others.
In comparison to Khara, the annual compensation for CEOs of private banks in FY21 was significantly higher. ICICI Bank's Sandeep Bakhshi's salary for the 2020-21 fiscal year was Rs1.01 crore, post voluntarily relinquishing his fixed compensation in the pandemic year. He earned Rs6.31 crore in the 2019-20 fiscal year.
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HDFC Bank CEO Sashidhar Jagdishan's salary for the 2020-21 fiscal year, before he was elevated to the top post, was Rs4.77 crore. Meanwhile, Aditya Puri, the then HDFC Bank CEO, withdrew Rs 13.82 crore, which included Rs3.5 crore as post retirement benefits.
In FY21, Axis Bank's Amitabh Chaudhry earned Rs6.52 crore, while Kotak Mahindra Bank's Uday Kotak took Re 1 as fixed salary in the pandemic year. His FY20 salary was Rs 2.65 crore and Rs 3.24 crore in the 2018-19 fiscal year.
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