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At Rs 36 million, new Axis Bank CEO's basic pay more than Shikha Sharma's

The shareholders also approved Chaudhry's appointment as MD & CEO for three years

Axis Bank's shareholders approved Amitabh Chaudhry's remuneration at a price higher than his predecessor, according to a filing to the exchanges. Chaudhry will take over as the bank's MD & CEO from Shikha Sharma on January 1, 2019. The bank's shareholders approved a basic salary of Rs 36 million for Chaudhry, along with other perquisites. This is higher than the basic salary of Rs 29 million paid to Sharma during 2017-18, according to the bank's annual report. Sharma's salary for FY2018-2019 is not yet known. It is a steep fall from ...