Indianexpress.com : comments : ICICI CEO-designate Kochhar to get Rs 36-lakh hike

ICICI CEO-designate Kochhar to get Rs 36-lakh hike

Mumbai: ICICI Bank's CEO-designate Chanda Kochhar is all set to get a Rs 36-lakh annual hike, while her predecessor K V Kamath would get a total salary of Rs 20 lakh a year after he becomes non-executive Chairman in May. As part of the proposed changes in its top management, ICICI Bank's next CEO and M ....Read more

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USeless bankBy: hambir | Wednesday , 7 Jan '09 12:33:34 PM Reply | Forward One of the most useless bank in INdia Today. They are just robbin gthe comman people , who are illiterate by giving them vehicle loans, and asking them to open account with icici bank. This tactit is only used to collect bouncing charges and increase banks revenue.

Executive SalaryBy: K VITTAL SHETTY | Wednesday , 7 Jan '09 10:15:46 AM Reply | Forward Is it not time to have SAY ON PAY by the shareholders as is being demanded by the President Elect of US, Barrack Obama. We always compare the performance of the private sector banks with that of the public sector banks. So why cant we say that the private sector pay should be not more than 100% of the public sector banks. In that case how much Ms Kocchar will be paid.Let us also compare how much the largest bank of the country is paying its top executive. Should it not be some resembelence of the total business of its peer groups. Why this profit be shared with the shareholders rather than only with the exectives. Let it also be shared with its clients by reduction of interest on credits and higher interest for the depositors.It is high time some restrictions on executive salary is clamped

hike interest rates and hike Salary of CEOsBy: s ramji | Wednesday , 7 Jan '09 7:06:36 AM Reply | Forward When it comes to reducing interest rates even after RBI has reduced the repo rates and CRR SLR,ICICI and HDFC have just reduced interest rates by just 50 basis points and that too after a long gap after RBI reducing the rates. Cant the bank restrain from increasing the PERKS in Crores of ruppes till the Customers get the benefit in interest rates. Is it that they want to pay more to these executives as they are afraid the bank will soon go bankrupt as NPA s will increase on account of heavy interest burden and the executives will be left with nothing to take

Shameless bankers!By: Bhanu.A | Tuesday , 6 Jan '09 21:33:43 PM Reply | Forward When an average Indian earns less than Rs.70 per day it is shameless for ICICI Bank to pay such ridiculous salaries. Indians are losing jobs

Whose money is it anyway?By: Bhanu.A | Tuesday , 6 Jan '09 21:19:39 PM Reply | Forward ICICI Bank paying Rs13.5lakhs to its CEO

LuckyBy: abrar | Tuesday , 6 Jan '09 18:23:48 PM Reply | Forward They are lucky

Private Bank staff deserve better payBy: Raj | Wednesday , 7 Jan '09 9:18:49 AM Reply | Forward Nationalized bank started giving better service and extended service hours ONLY after Private Banks came into existence. Thanks private banks for the good work done!!!. They deserve better pay too

Robbing Peter to pay the paul - ICICI styleBy: Ananth | Tuesday , 6 Jan '09 17:56:45 PM Reply | Forward As the saying goes ICICI is robbing the common man to pay its super boss and fat headed executives.They have lost their credibility and sooner they close their operation it is better for the common man.people were taken for a ride by this useless bank by promising fortune thru their various investment instruments.I will never recommend any one to invest in this bank as myself has withdrwn my frugal savings from this institution and quiet happy with Canara bank.My sincere request to many of the readers of IE as well to be very careful of ICICI and if they have any shares in ICICI ,pls sell and invest in anywhere else.

ICICI- Just stay awayBy: rao | Tuesday , 6 Jan '09 17:11:28 PM Reply | Forward ICICI is a bank that has lost its trust among it's customers lately due to their actions. They raise the loan rates even when RBI is cutting rates. But they are facing lot of difficulties in reducing. This is one stupid institution which asks me to give Power of Attorney to someone to discuss on my home loan interest rates. These are the type of tactics they play. I wouldn't recommend ICICI bank to anyone for any loans. I have my salary a/c in ICICI but planning to open a SBI a/c to immediately transfer my salary as I get it. This is becoz I'm completely pissed off with ICICI bank.

ICICI- not trustworthyBy: rao | Tuesday , 6 Jan '09 17:07:53 PM Reply | Forward ICICI is bank is not fair from operations perspective. They raise the loan rates even when RBI is cutting rates. But they are facing lot of difficulties in reducing. This is one stupid institution which asks me to give Power of Attorney to someone to discuss on my home loan interest rates. These are the type of tactics they play. I wouldn't recommend ICICI bank to anyone for any loans. I have my salary a/c in ICICI but planning to open a SBI a/c to immediately transfer my salary as I get it. This is becoz I'm completely pissed off with ICICI bank.

ICICI is a failed bankBy: GK | Tuesday , 6 Jan '09 16:14:11 PM Reply | Forward ICICI is the worst bank, they have failed miserably in customer care service. I would say SBI, PNB, HDFC and other Indian banks are far ahead of ICICI. ICICI is playing with the customer's deposit, which is no more safe banking with ICICI. I have a case where 26000/- was debited and there is a follow-up with ICICI for the last two years and they have failed to recitify this error. In fact they have accepted that its a mistake on their part but even after repeated reminders for the last two years they have failed to action on this.

Complaint on ICICI BankBy: manoj | Wednesday , 7 Jan '09 10:56:25 AM Reply | Forward complain to banking ombudsman for redressel i.e. for getting back your money.

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