The Government of India, through the Ministry of Finance, has approved the Performance Linked Incentive (PLI) for Whole-Time Directors (WTDs) of Indian Bank for the financial year 2024-25. The decision was communicated by the Department of Financial Services in an official letter dated March 18, 2026.
The PLI Amount that will be paid to MD&EDs is as follows:
| S. No. | Name of the WTD | Designation | PLI Amount (₹) |
|---|---|---|---|
| 1 | Shri S. L. Jain | Former MD & CEO | 16,00,080.00 |
| 2 | Shri Binod Kumar | MD & CEO | 4,51,695.48 |
| 3 | Shri Mahesh Kumar Bajaj | Former ED | 17,87,760.00 |
| 4 | Shri Ashutosh Choudhary | ED | 21,50,400.00 |
| 5 | Shri Shiv Bajrang Singh | ED | 21,50,400.00 |
| 6 | Shri Brajesh Kumar Singh | ED | 21,03,600.00 |
