BANK NEWS
ICICI Bank Top Brass Foregoes Performance Bonus For 2015-16
New Delhi: ICICI Bank has decided against grant of performance bonus to its senior management team for fiscal year 2015-16.
"We have decided that the senior management would not receive performance bonus for FY2016. Performance bonus would however be paid to employees in the grades of Deputy General Manager and below," ICICI Bank managing director and CEO Chanda Kochhar said in a post-earnings analyst call.
Ms Kochhar herself was paid a performance bonus of over Rs 1.6 crore for fiscal year 2014-15, according to the bank`s annual report for the year. Among others, executive director N S Kannan was paid a performance bonus of over Rs 1.1 crore. NDTV
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