Pay package of IDFC's Rajiv Lall sees decline of 26% in FY15

The pay package of soon-to-be banker Rajiv Lall, executive chairman of infrastructure finance company IDFC, declined by 26 per cent in the last financial year.  In 2014-15, Lall earned a remuneration of Rs 4.40 crore compared with Rs 5.55 crore in 2013-14 on account of a sharp decline in performance-linked incentives.    Stock Market Trading Tips

Lall, is not the only one who has taken a hit in the total pay. According to the annual report for FY15, Managing Director & Chief Executive Officer Vikram Limaye also saw his pay package come down by 24 per cent. Limaye’s remuneration last financial year was Rs 3.91 crore, compared with Rs 4.86 crore in 2013-14.          Jupiter Astro Book 2015-2016
For both, the salary and perquisite component increased but performance-linked incentives saw a decline. Lall’s variable cdeclined by Rs 1.45 crore in FY15, compared with last year whereas Limaye’s performance-linked incentive component was down by Rs 1.15 crore.  Personal Numerology Trading Tips
 
This was expected considering the annual net profit for IDFC for the year ended March 2015 declined five per cent to Rs 1,707 crore from Rs 1,803 crore in FY14. The net interest income also reduced by four per cent to Rs 642 crore. In the same time, its gross loan book decreased by eight per cent to Rs 54,745 crore at the end of March 2015 from Rs 59,829 crore a year ago. The gross disbursement and approvals also declined in FY15. The company’s performance has been under pressure for the last two years on account of slow growth and lack of activity in the infrastructure sector. Nifty Trading Tips