Company: Kotak Mahindra Bank
Monthly Compensation: ₹27 Lakh
Annual increase/decrease: 10.99%
Uday Kotak has been the Executive Vice Chairman and MD of the bank since its inception in 2003, when the Reserve Bank of India (RBI) issued the licence to the bank. The 60-year old banking veteran is an influential figure not just in the banking industry, but also in the capital markets and in policy making.
He was also appointed as the Chairman of the now bankrupt infrastructure lending giant IL&FS and the company went under threatening to shake up the entire economy.
The bank registered a net profit of ₹7,204 crores, according to its annual report published for the year 2018-19.
Photo: BCCL