Shareholders had already approved his appointment in 2015 for a period of five years subject to RBI approval
Puri earned a salary of Rs 7.39 crore in FY15, up 21.74% from last year
These are the highest-earning bank CEOs in India.
A media report in the run up to the board meet had mentioned the names of Sashidhar Jagdishan, Kaizad Bharucha and Sunil Garg as the ones who had made the cut. Jagdishan and Bharucha are internal candidates, while Garg is working with American banking major Citigroup.
Apart from navigating the bank through the Covid crisis, Jagdishan may also have to deal with the latest development on the auto loan lending practice scam. He will be expected to deliver consistent profit growth of 20 per cent-plus quarter after quarter, irrespective of the operating environment.
She pocketed Rs 9.12 crore as remuneration in FY16
Heads of various public and private sector banks on Thursday sought to present a counter-narrative on RBI Governor Shaktikanta Das warning lenders about the perils of extreme risk aversion in the pandemic-stricken environment where credit demand is on the wane.
With more firms now offering stock options to their chief executives, the salaries of these managers are sky-rocketing.
CEOs of leading banks say third straight rate hike by RBI inevitable, though not desirable.
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Bankers remained ambivalent on the impact of Tuesday's policy announcement by Reserve Bank on the cost of funds and refrained from giving a guidance on the direction in which lending rates are headed.
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