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

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    • Agencies Tags : banking, icici ceo, annual hike Posted: Tuesday , Jan 06, 2009 at 1627 hrs
    Chanda Kochhar
    The bank's current CEO and MD K V Kamath would get a full-year salary of Rs 20 lakh.

    The net remunerations for both Kamath and Kochhar stood at Rs 1,96,66,530 and Rs 1,10,25,983, respectively.

    The shareholders have been asked to vote on the proposals entailing appointments and remunerations for Kamath and Kochhar through postal ballot by February 11, the bank said, adding that the results would be announced on February 13.

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    USeless bankBy: hambir | 07-Jan-2009 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 | 07-Jan-2009 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 | 07-Jan-2009 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 | 06-Jan-2009 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 | 06-Jan-2009 Reply | Forward ICICI Bank paying Rs13.5lakhs to its CEO
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