Page 276 - Demo

Notes to financial statements
for the year ended March 31, 2020
Particulars
year ended 31/03/2020
Year ended 31/03/2019
total amount of deferred remuneration paid.
Breakdown of amount of remuneration awards for the financial period to show fixed and variable, deferred and non- deferred
total amount of outstanding deferred remuneration and retained remuneration exposed to ex-post explicit and implicit adjustments.
total amount of reductions during the FY due to ex – post explicit adjustments total amount of reductions during the FY due to ex – post implicit adjustments
note:
`1,816 (000's)
(Current MD&Ceo/ ex-MD&Ceo/ CFo /CRo /CBo / Current Head of treasury / ex-Head of treasury / CS)
Fixed gross : `81,520 (000's)
Variable deferred : `1,817 (000's)
(Current MD&Ceo/ ex-MD&Ceo/ CFo /CRo /CBo / Current Head of treasury / ex-Head of treasury / CS)
nil
nil nil
`721 (000's) -(MD&Ceo/CFo/CRo/Head treasury/ CS)
" Fixed Gross - `39,063 (000's) (MD&Ceo/ CBo/Head of treasury/ CFo/CRo/ CS)
Variable/deferred - `721 (000's) -(MD&Ceo/CFo/CRo/Head treasury/ CS)
nil
nil nil
note: *eSops basis RBI approval as sign-on grant; vesting due over 2 years - 2020 and 2021.
** For Current-MD&Ceo and ex-MD&Ceo, target Variable pay provisioned and notional amount has been provisioned. the actual amount will be decided post closure of Annual performance reviews. It will be planned based on nRC guidance and paid basis RBI approval. For all 8 employees, amount is provisioned for variable pay for 50% of total target variable pay due for payment in FY 2020-21. Actual payment will be subject to Bank and Individual performance.
*** Including 26,90,000 shares allotted to ex-MD&Ceo.
**** excluding eSops of Current MD&Ceo since it was granted as sign-on grant. eSops are granted not exercised.
29 dIsCLOsuRe ON ReMuNeRATION TO NON-eXeCuTIVe dIReCTORs:
the non-executive Directors are paid Sitting Fees for attending meetings of the Board and its Committees. till May 31, 2019, the sitting fees was paid at the rate of `50 (000's) per Board meeting and at the rate of `40 (000's) per Board Committee Meetings. In the Board meeting held on May 28, 2019, the sitting fees was revised at the rate of `75 (000's) per Board meeting and at the rate of `50 (000's) per Board Committee Meetings. Amount paid as sitting fees to the non-executive Directors as follows.
(` in 000's)
Mr. Sunil Vinayak patel* 1,460 Ms. Vandana Viswanathan 1,020 Mr. nandlal Sarada 940 Mr. Biswamohan Mahapatra 850 Mr. luis Miranda 770 Mr. prabal Kumar Sen 740 Mr. Anadi Charan Sahu (SIDBI)** 50 Mr. Sanjay Jain (SIDBI)*** 150 Ms. Mona Kachhwaha 490 Mr. Jayanta Kumar Basu**** 100
Name of Directors
year ended 31/03/2020
Year ended 31/03/2019
1,940
1,450
1,685
1,410
1,005
1,260
-
-
690
700
274 | AnnuAl RepoRt 2019-20