HDFC Bank has proposed an annual pay package of up to ₹35.90 crore for CEO Anup Bagchi, roughly ₹3 crore monthly, plus a one-time ₹7.35 crore stock-linked joining bonus, potentially totaling ₹43.24 crore subject to performance and vesting. RBI approved the appointment; shareholders will vote by postal ballot from October 8 to November 6; he assumes office October 27, 2026.
