HDFC Bank’s annual report for FY26 shows that the bank’s highest-paid top executive is not its CEO. According to NDTV’s reporting based on the annual report figures, Deputy Managing Director Kaizad Bharucha earns Rs 17.14 crore in FY26. This amount is higher than the compensation received by the bank’s CEO, Sashidhar Jagdishan, who earned Rs 15.13 crore in the same fiscal year. NDTV states that Bharucha’s earnings are nearly Rs 2 crore more than the CEO’s, meaning the deputy MD leads the pay comparison among the bank’s senior leadership for FY26. The reports emphasize the relative difference between the two executives rather than presenting a broader pay ranking across other roles. All cited figures are drawn from the bank’s annual report and are presented as FY26 compensation totals for the CEO and the deputy MD.