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HDFC's next CEO set to be India's highest-paid bank chief
MUMBAI: HDFC Bank chief Anup Bagchi will be India’s highest-paid bank CEO when he takes charge at the end of October, with an annual compensation of about $3.7 million, regulatory disclosures showed. Bagchi, a veteran banker who spent nearly three decades with the ICICI Bank group, is slated to lead India’s largest private lender following the departure of Sashidhar Jagdishan in one of the most closely watched leadership transitions in India’s banking sector. The proposed annual remuneration comprises a fixed pay of 89 million rupees and a performance-linked variable pay of up to 269 million r...
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