The Government of India has approved the Performance Linked Incentive (PLI) for Whole-Time Directors (WTDs) of Bank of India for the financial year 2024-25.
The decision was communicated through a letter dated 18 March 2026 issued by the Department of Financial Services (DFS), Ministry of Finance.
Bank Performance Score
- Bank Name: Bank of India
- Performance Score: 74.53
This score has been used to calculate the incentive amount for the directors.
PLI Amount for Directors
The following PLI amounts have been approved for MD&EDs:
- Shri Rajneesh Karnatak (MD & CEO): ₹20,46,480
- Shri P R Rajagopal (ED): ₹19,82,880
- Shri M. Karthikeyan (Former ED): ₹18,68,640
- Shri Subrat Kumar (ED): ₹21,50,400
- Shri Rajiv Mishra (ED): ₹21,50,400
Among them, the highest PLI amount of ₹21.50 lakh has been approved for two Executive Directors.
