HDFC Bank’s annual report shows that deputy managing director Kaizad Bharucha is paid more than the bank’s managing director and CEO, Sashidhar Jagdishan, in FY26. According to the figures cited by the report, Bharucha earns Rs 17.14 crore during FY26, while Jagdishan’s total remuneration for the same period is Rs 15.13 crore. The difference is reported as nearly Rs 2 crore. The comparison is based on the compensation totals presented in the bank’s FY26 annual report and relates specifically to the roles of the deputy MD and CEO, rather than to other executives or employees. The report’s disclosure also indicates that the bank’s top remuneration in that financial year is held by the deputy MD, not the CEO. These figures reflect the amounts reported for FY26 and do not address how remuneration may have changed in other years or the breakdown of pay components.