HDFC Bank Management
Management criteria checks 2/4
HDFC Bank's CEO is Sashi Jagdishan, appointed in Oct 2020, has a tenure of 3.5 years. total yearly compensation is ₹105.81M, comprised of 26.7% salary and 73.3% bonuses, including company stock and options. directly owns 0.022% of the company’s shares, worth $31.11M. The average tenure of the management team and the board of directors is 2.8 years and 2.9 years respectively.
Key information
Sashi Jagdishan
Chief executive officer
₹105.8m
Total compensation
| CEO salary percentage | 26.7% |
| CEO tenure | 3.5yrs |
| CEO ownership | 0.02% |
| Management average tenure | 2.8yrs |
| Board average tenure | 2.9yrs |
Recent management updates
Recent updates
HDFC Bank: The Jury Is Still Out, Although The Risk-Reward Is In A Better Place
Apr 03HDFC Bank: Why The $21bn Rout Was Not Unjustified
Jan 22HDFC Bank: Cleaning Out The Closet
Nov 17HDFC Bank: Merger Done, A New Chapter Begins (Rating Downgrade)
Sep 09HDFC Bank: A Bet On The Rapid Emergence Of India
Jul 04HDFC Bank: Market's Attention Is On Pending Merger
Jan 09HDFC Bank: Steady As She Goes
Oct 27HDFC Bank GAAP EPS of ₹19.00, core net revenue of ₹28,869.8 crore
Oct 17HDFC Bank: Sustainability At Its Core
Jul 15HDFC Bank: Best-In-Class Indian Bank Weighed Down By Transitory Headwinds
Jun 24HDFC Bank: Turning A New Chapter Post RBI Restrictions
Apr 04HDFC: Well Positioned To Profit From India's Economic Upswing
Nov 28HDFC Bank: Long-Term Growth Potential Overshadowed By Short-Term Challenges
Sep 24With Banks Getting Ready To Kick Off Earnings Season, I Like HDFC Bank Better Than Most
Jul 08HDFC Bank: Favor Quality On The Recovery Path
Nov 07CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | ₹641b |
| Dec 31 2023 | n/a | n/a | ₹590b |
| Sep 30 2023 | n/a | n/a | ₹545b |
| Jun 30 2023 | n/a | n/a | ₹488b |
| Mar 31 2023 | ₹106m | ₹28m | ₹460b |
| Dec 31 2022 | n/a | n/a | ₹438b |
| Sep 30 2022 | n/a | n/a | ₹417b |
| Jun 30 2022 | n/a | n/a | ₹397b |
| Mar 31 2022 | ₹65m | ₹25m | ₹381b |
| Dec 31 2021 | n/a | n/a | ₹360b |
| Sep 30 2021 | n/a | n/a | ₹336b |
| Jun 30 2021 | n/a | n/a | ₹328b |
| Mar 31 2021 | ₹66m | ₹14m | ₹318b |
| Dec 31 2020 | n/a | n/a | ₹307b |
| Sep 30 2020 | n/a | n/a | ₹324b |
| Jun 30 2020 | n/a | n/a | ₹285b |
| Mar 31 2020 | ₹29m | ₹28m | ₹273b |
| Dec 31 2019 | n/a | n/a | ₹263b |
| Sep 30 2019 | n/a | n/a | ₹240b |
| Jun 30 2019 | n/a | n/a | ₹232b |
| Mar 31 2019 | ₹131m | ₹24m | ₹223b |
| Dec 31 2018 | n/a | n/a | ₹213b |
| Sep 30 2018 | n/a | n/a | ₹206b |
| Jun 30 2018 | n/a | n/a | ₹193b |
| Mar 31 2018 | ₹22m | ₹20m | ₹185b |
Compensation vs Market: Sashi's total compensation ($USD1.27M) is below average for companies of similar size in the US market ($USD13.52M).
Compensation vs Earnings: Sashi's compensation has increased by more than 20% in the past year.
CEO
Sashi Jagdishan (58 yo)
3.5yrs
Tenure
₹105,805,186
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 |
|---|---|---|---|---|
| MD, CEO & Director | 3.5yrs | ₹105.81m | 0.022% ₹ 30.9m | |
| Deputy MD & Director | less than a year | ₹100.53m | 0.032% ₹ 44.2m | |
| Chief Financial Officer | 4.7yrs | ₹30.18m | 0.0058% ₹ 8.0m | |
| Group Head of Operations | no data | no data | 0.0022% ₹ 3.1m | |
| Group Head of Investment Banking | no data | no data | 0.0044% ₹ 6.0m | |
| Chief Information Officer & Group Head of IT | no data | no data | 0.0013% ₹ 1.8m | |
| Group Head of Business Finance & Strategy | no data | no data | 0.015% ₹ 20.4m | |
| Investor Relations Officer | no data | no data | 0.00036% ₹ 498.4k | |
| Senior VP of Legal & Company Secretary | 5.8yrs | ₹5.78m | 0.00013% ₹ 180.0k | |
| Chief Compliance Officer | less than a year | no data | no data | |
| Head of Corporate Communications | 2.1yrs | no data | no data | |
| Chief Human Resources Officer | no data | no data | 0.0014% ₹ 2.0m |
2.8yrs
Average Tenure
57yo
Average Age
Experienced Management: HDB's management team is considered experienced (2.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD, CEO & Director | 3.5yrs | ₹105.81m | 0.022% ₹ 30.9m | |
| Deputy MD & Director | less than a year | ₹100.53m | 0.032% ₹ 44.2m | |
| Group Head of Operations | 1.4yrs | no data | 0.0022% ₹ 3.1m | |
| Executive Whole-Time Director | no data | no data | no data | |
| Executive Whole-Time Director | less than a year | no data | no data | |
| Non-Executive Non Independent Director | 4.1yrs | ₹5.40m | 0.0078% ₹ 10.9m | |
| Additional Non-Executive Non-Independent Director | less than a year | ₹1.00m | 0.000010% ₹ 13.8k | |
| Chairman | 2.9yrs | ₹8.40m | no data | |
| Independent Non-Executive Director | 5.3yrs | ₹7.90m | no data | |
| Independent Non-Executive Director | 5.3yrs | ₹9.00m | no data | |
| Independent Director | 2.4yrs | ₹4.90m | no data | |
| Independent Director | 3.1yrs | ₹4.80m | no data |
2.9yrs
Average Tenure
60yo
Average Age
Experienced Board: HDB's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.