Page 162 - Demo

Annexure-1
INFORMATION IN TERMS OF RULE 5 (1) OF THE COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014
Remuneration details of Directors, KMPs, employees
1 The ratio of the remuneration of each director to the median remuneration of the employees of the Bank for the financial year
2 the percentage increase in remuneration of each director, Chief Financial officer, Chief executive officer, Company Secretary or Manager, if any, in the financial year
3 the percentage increase in the median remuneration of employees in the financial year
4 the number of permanent employees on the rolls of Bank
5 Average percentile increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration and justification thereof and point out if there are any exceptional circumstances for increase in the managerial remuneration
6 Affirmation that the remuneration is as per the remuneration policy of the Bank
*Managing Director 1- Mr. Samit Kumar Ghosh was the Managing Director and Ceo till november 30, 2019
Managing Director and CEO: *Managing Director 1 - 59.52X
Sr. no.
Particulars
Disclosures
**Managing
KMP
Managing Director 1
Managing Director 2
CFO
CS
Director 2 - 58.33X
% increase in remuneration
20.00%
0.00%
11.00%
11.00%
8.62% : 4.92%
Yes
8.61%
17,841
**Managing Director 2 - Mr. nitin Chugh was designated as president from August 17, 2019 to november 30, 2019 and appointed as the Managing Director and CEO from December 01, 2019
INFORMATION AS PER RULE 5(2) OF THE COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014
The names of the top ten employees in terms of remuneration drawn as on March 31, 2020:
Employee Name
Designation and nature of Employment
Remuneration in financial year 2019-20 (` in Lakhs)
Nature of employment, whether contractual or otherwise
educational Qualification
Experience in years
Date of Commencement of Employment
age
last Employment held
% of equity shares held
whether relative of any director
Samit Kumar Ghosh
***nitin Chugh
***Rajeev padmanabh Pawar
***Kalyanaraman M
Carol Kripanayana Furtado
Sanjay Kao
Upma Goel
Ex-Managing Director and CEO
Managing Director and CEO
Head of treasury
Chief Credit officer
Head of Human Resources
Chief Business officer
Chief Financial officer
340.63**
86.95
19.82
48.66
251.31*
92.84*
91.10*
Retired on 30-Nov-2019
Appointed by RBI
Permanent
Permanent
Permanent
Permanent
Permanent
MBA
PGDM
MBA
MBA
MBA
PGDBM
C.A
45
27
29
30
22
37
24
01-Feb-2017
17-Aug-2019
20-Jan-2020
16-Sep-2019
01-Feb-2017
12-Feb-2018
01-Feb-2017
70
48
51
53
48
62
50
Bank Muscat S.A.O.G India
HDFC Bank Ltd.
Edelweiss Financial Services Ltd.
Equitas Small Finance Bank Ltd.
Bank Muscat
0.21 No
0 No
0 No
0 No
Negligible No
Dunia Finance Negligible No
Larsen and Negligible No Toubro
Holding ltd.
160 | AnnuAl RepoRt 2019-20