7th Pay Commission: Salary gets more than Chairman in State Bank of India, difference is manifold

7th Pay Commission: Salary gets more than Chairman in State Bank of India, difference is manifold

Who gets the most salary in SBI? In response to this question, everyone will say that the salary of the chairman will be the highest, but it is not so. The head of the country's largest bank does not get the most salary, rather the salary of the CFO, Chief Financial Officer of the bank is more than that. This is also confirmed by a recent advertisement issued by the bank. In this, the Chief Financial Officer has been asked to pay a salary of 1 crore rupees annually, which is more than the chairman of the bank. The annual package of the chairman of the bank is close to 1.4 million. In this context, the salary of the Chief Financial Officer was much higher.

Only those with 15 years of experience as CAs can apply for the post of CFO. The central bank has asked to appoint a qualified candidate to prepare the entire finance framework. Under this, now CFO appointments are being made in banks. In 2017, guidelines issued by the Reserve Bank said that people with 15 years of experience as CAs can be appointed to the post of CFO.

Recently, in view of Corona, the question was asked about the reduction in salary in private banks, whether this can happen in public sector banks also. In response to this, SBI Chairman Rajnish Kumar had said in a joking manner that if this happens then one has to stay on the road. Even though the SBI chief had given this answer jokingly, through this, he also once again highlighted the difference in the salaries of the officials of private and public banks.

There is a big difference between the salary of private and government bankers: If you look at the monthly salary of CEO of private and government banks, then the head of State Bank of India gets a salary of Rs 2.42 lakh monthly, while the salary of HDFC Bank CEO is Rs 89 lakh. is. Which is almost 40 times more than the Chief of SBI.