Check out the CEO of HDFC Bank, Sashidhar Jagdishan's annual payout as a lender shooter facing Trust Fund Fraud Claims | Company Business News

The largest executive of India’s largest CEO (CEO), Sashidhar Jagdishan, takes a solid salary with multiple cold home each year, according to the annual report of HDFC Bank for the financial year ended 2023-24. Let’s see how much the executive per year earns amid the financial fraud’s allegations of Lilavati Kirtilal Mehta Medical Trust. The Lilavati Trust is owned and controlled by the Mehta family. On Sunday, June 8, 2025, the trust that oversees Lilavati Hospital in Mumbai called on the HDFC Bank board, and asked the suspension and legal follow -up of the CEO about an alleged involvement in a financial case and corruption case related to the trust. The Mehta family also filed a FIR against the HDFC Bank CEO on Sunday after the Lilavati Trust raises. Together with the CEO, the trust accused eight individuals, including former bank employees, of financial fraud and misappropriation of the trust funds. The Mehta family-owned ‘Splendor Gems Ltd’ failed in 2001 its loans from HDFC Bank and other consortium banks. The loans were granted to the entity in 1995. How much does HDFC Bank CEO earn? HDFC Bank CEO Sashidhar Jagdishan earns approximately £ 10.76 crore from the financial year ended 2023-24 annually, according to the annual report of the private money shooter. Jagdishan’s salary breakup consists of ₹ 2,94,35,661 or over ₹ 2.94 crore as a basic salary, ₹ 3,32,10,228 or more than ₹ 3.32 crore as allowances and perquisites, ₹ 35,32,285 or over ₹ 35 lakh in provident fund, ₹ 44,15,352 or more than ₹ 44 lakh in superannuation, and £ 3,71,20,846 or over £ 3.74 crore in performance bonus, according to the submission of the company. The CEO granted a total of 2,09,131 ESOPs (employee option option plans), and the ratio of Jagdishan’s salary to the median salary was at 167.70: 1 for FY2023-24. According to the filing data, Sashidhar Jagdishan received a cash variable payment of £ 5 for its performance in the year 2022-23, paid in FY2023-24. However, this was not included in the variable payment component of the 2024 fiscal. HDFC Bank CEO Sashidhar Jagdishan also received £ 2.90 crore as a dividend from the institutional money shooter for all the shares he owns in the company. Jagdishan has 17,09,143 shares in HDFC Bank from the year ended 31 March 2024. Sashidhar Jagdishan was reappointed as the managing director and CEO of HDFC Bank for a three -year period from October 27, 2023 to October 26, 2026, with both days included in his term. The response of HDFC Bank to fraud -claims HDFC Bank called out the FIR and the allegations as ‘malicious and unfounded’, saying that the senior officials in the bank were targeted by ‘unscrupulous persons’ who would have the legal process of a long outstanding loans of the name of the suspension. abuse. HDFC Bank and its MD & CEO in a clear attempt to maliciously and intimidate their reputation to stop their recovery actions, “the bank said.