Kotak CEO Ashok Vaswani Earns Highest Bank Salary at ₹13 Crore in FY25

Kotak Mahindra Bank CEO Ashok Vaswani is the highest-paid bank chief in India for FY25, earning nearly ₹13 crore in salary (excluding stock options), surpassing HDFC’s ₹12 crore package. Insights below.

Kotak Mahindra Bank CEO Ashok Vaswani received a salary of Rs 12.95 crore in FY25. With this, he became the highest paid bank CEO in India. HDFC Bank MD and CEO Shashidhar Jagdishan was at number two.

Do you know which bank's Chief Executive Officer (Bank CEO) gets the highest annual salary? According to the annual report of Kotak Mahindra Bank, its MD and CEO Ashok Vaswani received a salary of Rs 12.95 crore in FY 2024-25. With this, he became the highest paid bank CEO. Vaswani earned Rs 12.95 crore as annual salary, excluding gains from stock options.

How much salary did the rest of the bank CEOs get
Earlier, among all the big banks in India, the CEO of HDFC Bank used to get the highest salary. However, in FY 2025, HDFC Bank MD and CEO Sashidhar Jagdishan (Sashidhar Jagdishan Salary) was the second highest paid bank CEO. His salary was ₹ 12.06 crores, which was ₹ 10.77 crores in FY 2023-24.

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17 Jul 2025 By Nitin Trivedi

Kotak CEO Ashok Vaswani Earns Highest Bank Salary at ₹13 Crore in FY25

Kotak Mahindra Bank CEO Ashok Vaswani received a salary of Rs 12.95 crore in FY25. With this, he became the highest paid bank CEO in India. HDFC Bank MD and CEO Shashidhar Jagdishan was at number two.

Do you know which bank's Chief Executive Officer (Bank CEO) gets the highest annual salary? According to the annual report of Kotak Mahindra Bank, its MD and CEO Ashok Vaswani received a salary of Rs 12.95 crore in FY 2024-25. With this, he became the highest paid bank CEO. Vaswani earned Rs 12.95 crore as annual salary, excluding gains from stock options.

How much salary did the rest of the bank CEOs get
Earlier, among all the big banks in India, the CEO of HDFC Bank used to get the highest salary. However, in FY 2025, HDFC Bank MD and CEO Sashidhar Jagdishan (Sashidhar Jagdishan Salary) was the second highest paid bank CEO. His salary was ₹ 12.06 crores, which was ₹ 10.77 crores in FY 2023-24.

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