HDFC Bank Management

Management criteria checks 4/4

HDFC Bank's CEO is Sashi Jagdishan, appointed in Oct 2020, has a tenure of 4.08 years. total yearly compensation is ₹107.92M, comprised of 27.3% salary and 72.7% bonuses, including company stock and options. directly owns 0.022% of the company’s shares, worth R$205.27M. The average tenure of the management team and the board of directors is 2.1 years and 3 years respectively.

Key information

Sashi Jagdishan

Chief executive officer

₹107.9m

Total compensation

CEO salary percentage	27.3%
CEO tenure	4.1yrs
CEO ownership	0.02%
Management average tenure	2.1yrs
Board average tenure	3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Sashi Jagdishan's remuneration changed compared to HDFC Bank's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	₹692b
Jun 30 2024	n/a	n/a	₹682b
Mar 31 2024	₹108m	₹29m	₹641b
Dec 31 2023	n/a	n/a	₹590b
Sep 30 2023	n/a	n/a	₹488b
Jun 30 2023	n/a	n/a	₹488b
Mar 31 2023	₹106m	₹28m	₹460b
Dec 31 2022	n/a	n/a	₹438b
Sep 30 2022	n/a	n/a	₹418b
Jun 30 2022	n/a	n/a	₹397b
Mar 31 2022	₹65m	₹25m	₹381b
Dec 31 2021	n/a	n/a	₹360b
Sep 30 2021	n/a	n/a	₹336b
Jun 30 2021	n/a	n/a	₹328b
Mar 31 2021	₹66m	₹14m	₹318b
Dec 31 2020	n/a	n/a	₹307b
Sep 30 2020	n/a	n/a	₹324b
Jun 30 2020	n/a	n/a	₹285b
Mar 31 2020	₹29m	₹28m	₹273b
Dec 31 2019	n/a	n/a	₹263b
Sep 30 2019	n/a	n/a	₹240b
Jun 30 2019	n/a	n/a	₹232b
Mar 31 2019	₹131m	₹24m	₹223b
Dec 31 2018	n/a	n/a	₹213b
Sep 30 2018	n/a	n/a	₹206b
Jun 30 2018	n/a	n/a	₹193b
Mar 31 2018	₹22m	₹20m	₹185b

Compensation vs Market: Sashi's total compensation ($USD1.28M) is below average for companies of similar size in the BR market ($USD5.71M).

Compensation vs Earnings: Sashi's compensation has been consistent with company performance over the past year.

CEO

Sashi Jagdishan (59 yo)

4.1yrs

Tenure

₹107,923,503

Compensation

Mr. Sashidhar Jagdishan, also known as Sashi, has been Managing Director, Chief Executive Officer at HDFC Bank Ltd. since October 27, 2020. He serves as Director at HDFC Bank Limited since 2021 and served...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Sashidhar Jagdishan	MD, CEO & Director	4.1yrs	₹107.92m	0.022% R$ 204.7m
Bhavesh Zaveri	Group Head of Operations	no data	₹42.35m	0.0027% R$ 24.8m
Kaizad Bharucha	Deputy MD & Director	1.6yrs	₹111.41m	0.031% R$ 281.5m
Vedanthachari Rangan	Executive Whole-Time Director	less than a year	₹44.23m	0.021% R$ 195.0m
Srinivasan Vaidyanathan	Chief Financial Officer	5.3yrs	₹30.18m	no data
Rakesh Singh	Group Head of Invst. Bank.	no data	no data	0.0043% R$ 39.7m
Ramesh Lakshminarayanan	Chief Information Officer & Group Head of IT	no data	no data	no data
Ajit Shetty	Investor Relations Officer	no data	no data	0.00036% R$ 3.3m
Rakesh Rajput	Chief Compliance Officer	1.1yrs	no data	no data
Sudhir Jha	Head & Group General Counsel	no data	no data	no data
Madhu Chhibber	Head of Corporate Communications	2.7yrs	no data	no data
Ravi Santhanam	Chief Marketing Officer & Head of Direct to Consumer Business	no data	no data	0.0018% R$ 16.2m

2.1yrs

Average Tenure

57.5yo

Average Age

Experienced Management: H1DB34's management team is considered experienced (2.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Sashidhar Jagdishan	MD, CEO & Director	4.1yrs	₹107.92m	0.022% R$ 204.7m
Bhavesh Zaveri	Group Head of Operations	1.6yrs	₹42.35m	0.0027% R$ 24.8m
Kaizad Bharucha	Deputy MD & Director	1.6yrs	₹111.41m	0.031% R$ 281.5m
Vedanthachari Rangan	Executive Whole-Time Director	less than a year	₹44.23m	0.021% R$ 195.0m
Srinivasan Ranganathan	Executive Whole-Time Director	no data	no data	no data
Renu Karnad	Non-Executive Non Independent Director	4.7yrs	₹7.97m	0.068% R$ 618.5m
Keki Mistry	Additional Non-Executive Non-Independent Director	1.4yrs	₹2.92m	0.017% R$ 153.8m
Atanu Chakraborty	Independent Part-time Chairman	3.5yrs	₹9.10m	no data
Mavinakere Ranganath	Independent Non-Executive Director	5.8yrs	₹9.62m	no data
Harsh Bhanwala	Additional Independent Director	less than a year	₹1.29m	0% R$ 0
Lily Vadera	Independent Director	3yrs	₹6.42m	no data
Sunita Maheshwari	Independent Director	3.7yrs	₹5.47m	no data

3.0yrs

Average Tenure

63yo

Average Age

Experienced Board: H1DB34's board of directors are considered experienced (3 years average tenure).

HDFC Bank Management

Management criteria checks 4/4

Key information

Recent management updates

Hdfc Bank Appoints Santhosh Iyengar Keshavan as Independent Director

HDFC Bank Limited Appoints C R P Balasuriya as CEO for Sri Lanka

HDFC Bank Limited Appoints Ajay Agarwal as Company Secretary (Key Managerial Personnel) and Compliance Officer

HDFC Bank Limited, Annual General Meeting, Aug 09, 2024

HDFC Bank Limited Announces Executive Changes

HDFC Bank Limited Announces Change in Management

Recent updates

Hdfc Bank Appoints Santhosh Iyengar Keshavan as Independent Director

HDFC Bank Limited (NSEI:HDFCBANK) acquired an additional minority stake in HDF.C Capital Advisors Limited for approximately INR 670 million.

Vama Sundari Investments (Delhi) Private Limited signed a letter of intent to acquire 91% stake in HDFC Education and Development Services Pvt. Ltd. from HDFC Bank Limited (NSEI:HDFCBANK) for INR 1.92 billion.

HDFC Bank Limited Appoints C R P Balasuriya as CEO for Sri Lanka

HDFC Bank Limited to Report Q2, 2025 Results on Oct 19, 2024

HDFC Reportedly in Talks with Global Banks to Offload $1 Billion in Loans

HDFC Bank Reportedly Plans to Sell $1.2 Billion of Loans Via Rare Debt Tool

HDFC Bank Rejects MUFG's $2 Billion Cheque for NBFC Arm

HDFC Bank Limited Approves Dividend for the Financial Year Ended March 31, 2024

HDFC Bank Limited Appoints Ajay Agarwal as Company Secretary (Key Managerial Personnel) and Compliance Officer

HDFC Bank Limited to Report Q1, 2025 Results on Jul 20, 2024

HDFC Bank Limited, Annual General Meeting, Aug 09, 2024

Yudiz Solutions Limited Issues Legal Notice to HDFC Bank Limited

HDFC Bank Limited Announces Executive Changes

MUFG Reportedly Likely to Sweeten $1.7 Billion Offer for HDB Finance

HDFC Bank Limited Announces Change in Management

HDFC Bank Limited Announces Executive Changes

HDFC Bank Limited to Report Fiscal Year 2024 Results on Apr 20, 2024

HDFC Bank Limited Announces Cessation of Umesh Chandra Sarangi as Independent Director

HDFC Bank Limited (NSEI:HDFCBANK) agreed to acquire 9.5% stake in IndusInd Bank Limited (NSEI:INDUSINDBK).

Jio Financial Services Reportedly Eying Paytm Wallet Business

HDFC Bank Limited announced that it has received $500 million in funding from MUFG Bank, Ltd.

HDFC Bank Limited to Report Q3, 2024 Results on Jan 16, 2024

HDFC Bank Limited's Board Approves Appointment of Dr. Harsh Kumar Bhanwala as an Additional Independent Director

HDFC Bank Limited's Board Approves Appointment of Dr. Harsh Kumar Bhanwala as an Additional Independent Director

Hdfc Bank Limited Announces Appointment of V. Srinivasa Rangan as Executive Director

Hdfc Bank Limited Announces Appointment of Chief of Internal Vigilance Changes

HDFC Bank Limited Announces Executive Changes

HDFC Bank Limited to Report Q2, 2024 Results on Oct 16, 2023

HDFC Bank Limited Announces Chief Compliance Officer Changes

HDFC Bank Limited Announces Cessation of Sanjiv Sachar as Independent Director

HDFC Bank Limited, Annual General Meeting, Aug 11, 2023

An unknown buyer executed an agreement to acquire 9.95% stake in Softcell Technologies Global Private Limited from HDFC Bank Limited (NSEI:HDFCBANK) for INR 99.5 million.

HDFC Bank Limited to Report Q3, 2023 Results on Jan 14, 2023

HDFC Bank Limited (NSEI:HDFCBANK) agreed to acquire unknown minority stake in Mintoak Innovations Private Limited for approximately INR 100 million.

HDFC Bank Promotes Jahid Ahmed to Senior VP & Digital Marketing Head

HDFC Bank Limited Announces Director Changes

An unknown buyer executed an agreement to acquire 3.21% stake in Lentra AI Private Limited from HDFC Bank Limited (NSEI:HDFCBANK) for approximately INR 540 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age