Table 1: Data on governance of compensation at the top five MFIs in AP Rank of MFI Salary of the Net profit of in top 10 chairman, MD, MFI (in Rs MFIs as per CEO (in Rs crore) crore) salary drawniii as applicable
Total cash outgo for staff compensation in Rs1 crore
Loan Salary to (Salary of chairman/ outstanding net profit MD /CEO)/Total in Rs crore (in %) cash outgo for staff compensation (in %)
MFI 1
7.41
176.24
72.99
1695.50
4.20%
10.15
MFI 2
4.6
58.8
44.2
1082.80
7.82%
10.41
MFI 3
2.44
174
216.37
4321.00
1.40%
1.13
MFI 4
1.4
200
114
3500.00
0.70%
1.23
MFI 6
0.36
30.98
37.01
961.00
1.16%
0.97
Source of data: “Tiny Loans, Not so Tiny Salaries”, compiled by Khushboo Narayan and Unnikrishnan (Live Mint)