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 Managing Director would get a salary of up to Rs 13.5 lakh per month — from up to Rs 10.5 lakh per month currently.

At the same time, the bank’s current CEO and MD K V Kamath would get a full-year salary of Rs 20 lakh, after he becomes non-executive chairman from May 1. Currently, the bank has fixed Kochhar’s monthly salary as its Joint MD and Chief Financial Officer at up to Rs 10.5 lakh, giving her a pay hike of Rs three lakh per month, or Rs 36 lakh per annum.

Besides the salary, both Kamath and Kochhar are entitled to various other benefits.

In a notice to shareholders seeking their approval for the appointment and remuneration for Kochhar and Kamath in their new roles, the bank today proposed that Kamath be paid a remuneration of Rs 20 lakh per annum as its non-executive chairman for a period of five years from May 1, 2009 to April 30, 2014.