Kotak Mahindra Bank CEO Ashok Vaswani emerged as the highest-paid private sector bank CEO by cash remuneration in FY26, earning ₹17.23 crore. However, HDFC Bank Deputy MD Kaizad Bharucha topped the overall compensation chart after employee stock options were included. Bharucha received ₹17.14 crore in cash remuneration, with his total pay package estimated at around ₹68.15 crore, including ESOPs.