Indian private bank executives experienced modest pay increases in FY25 due to the Reserve Bank of India’s strict oversight on CEO compensation. HDFC Bank’s Sashidhar Jagdishan emerged as the highest-paid banker, exceeding Rs 12 crore, a 12% rise. Ashok Vaswani of Kotak Mahindra Bank earned Rs 13 crore. Amitabh Chaudhry, Axis Bank CEO, saw a 5.