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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

AxisBank'sshareholdersapprovedAmitabhChaudhry'sremunerationatapricehigherthanhispredecessor,accordingtoafilingtotheexchanges.Chaudhrywilltakeoverasthebank'sMD&CEOfrom ShikhaSharma onJanuary1,2019. Thebank'sshareholdersapprovedabasicsalaryofRs36millionforChaudhry,alongwithotherperquisites.ThisishigherthanthebasicsalaryofRs29millionpaidtoSharmaduring2017-18,accordingtothebank'sannualreport.Sharma'ssalaryforFY2018-2019isnotyetknown.Itisasteepfallfrom ...