)
The country's second-largest private sector lender reported a net profit of Rs 10,216 crore in 2014-15, up 20.5 per cent from Rs 8,478.4 crore at the end of 2013-14.
Puri’s current term will expire end-October this year and the bank's board has extended his tenure for five more years. The move comes after the Reserve Bank of India increased the maximum age limit of private bank chiefs to 70, in September last year.
In 2014-15, Chanda Kochhar, MD and chief executive officer (CEO) of ICICI Bank, the country's largest private sector lender, drew a salary of Rs 5.85 crore, up 12 per cent, compared with her remuneration of Rs 5.23 crore in FY14. In the previous financial year, ICICI Bank's net profit inched up to Rs 11,175 crore, 14 per cent more than the corresponding period last year.
Shikha Sharma, MD & CEO of Axis Bank, third largest private sector lender, earned a salary hike of about 11.20 per cent to draw Rs 4.17 crore. In FY14, Sharma had drawn a salary of Rs 3.75 crore.
During the period, Axis Bank reported a growth of 18.34 per cent in net profit, to Rs 7,357.82 crore in FY15, compared with Rs 6,217.67 crore in the corresponding period a year ago.
In addition to her salary, Sharma is also entitled to retiral benefits such as provident fund, gratuity and superannuation which are already included in Puri’s and Kochhar’s salaries.
