ICICI Bank CEO Chanda Kochhar earned Rs 2.18 lakh a day in 2016-17
The head of the largest private bank, ICICI, Chanda Kochhar, received a total salary of Rs 7.85 crore for 2016-2017. This is a 64 percent increase. 100 compared to the previous year. According to the bank’s annual report, Bank ICICI CEO Chanda Kochhar MD and registered a 15 percent jump in its base salary, Rs 2.32 crore to Rs 2.67 crore at the end of this fiscal year month of March. Its cost to the company was Rs 2.18 lakh per day.
The new addition to his compensation was Rs 2.2 crore performance bonus, a bond he had not received the previous year since the company knew a weak financial condition. The monthly base salary for Kochhar will be in the range of Rs 1,350,000, Rs 2,600,000, according to the 2016-17 annual report. In 2015-16, Kochhar Rs got 4.79 million rupees. He also received other benefits and retirement benefits.
Furnished housing, gas, electricity, water and furniture, club fees, group insurance, use of car and telephone in residence, repayment and concession license, provident funds are some of the main benefits Which he received.
In his message, Kochhar said that ICICI Bank focuses on seizing growth opportunities. At the same time, the bank is taking steps to address the challenges of the environment.
“Our size, our capital base, our solid funding profile, our extensive distribution network, our diversified portfolio, our presence in financial services and technology leadership position us well to take advantage of growth opportunities across the economy “Kochhar said. The company’s shares were trading at 0.79 percent at 320.10 Rs on BSE.