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ICICI Bank‘s top management including the managing director Chanda Kochhar have received an average of 15% hike in their basic salary for the fiscal year March 2016.
According to an annual report published on the bank’s website, Kocchar has received a 15% hike with basic salary in the fiscal year ended March 2016 at Rs 2.31 crore compared to Rs 2.01 crore in the year ended March 2015.
Bank’s Executive director NS Kannan, K Ramkumar and Rajiv Sabharwal have also received around 15% hike in their basic salaries for fiscal year ended March 2016 over the year ended March 2015.
