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Ex-Syndicate Bank chief shares Tata offer letter from 1977, reveals salary
short by Daisy Mowke / on Thursday, 6 August, 2026
Retired banker Ajay Nanavati shared his 1977 Tata appointment letter on LinkedIn, revealing a starting salary of ₹960 per month after returning from the US with a chemical engineering degree. Despite better-paying offers, he chose Tata for the opportunity to work at Bombay House. Nanavati called it "probably the smartest career decision" he ever made.
read more at MoneyControl