ICICI BANK CEO KOCHHAR EARNS ₹7.85 CR IN FY17
Chanda Kochhar, the head of country’s largest private sector lender ICICI Bank, has drawn ₹7.85 crore as total remuneration in 2016-17, a jump of over nearly 64% from a year ago. ICICI Bank MD & CEO Chanda Kochhar’s basic salary increased over 15% to ₹2.67 crore during the fiscal ended March 2017, as per bank’s annual report. Calculated on daily basis, her cost to the company was ₹2.18 lakh. During the year, she took home performance bonus of ₹2.2 crore. However, the bank had not not given performance incentive in 2015-16 due to weak financial status. Her total cost to company was over ₹4.79 crore in 2015-16 and basic salary was ₹2.32 crore.