ICICI Bank To Offer Its Employees 8% Hike For Working Amid Covid 19

As per sources, amid Covid 19 blues, the country's leading lender ICICI Bank will rewards its more than frontline workforce with an hike of up to 8%. The workforce strength being considered for a hike is almost 80% of the bank's total staff and as told to PTI, the hike is being mulled as recognition of staff's services during the Covid 19 outbreak.

ICICI Bank To Offer Its Employees 8% Hike For Working Amid Covid 19

The hike of up to 8 per cent is for the fiscal year 2020-21 and applicable from July onwards, the sources said. However no response on e-mail has been received from the bank.

The rank for these employees is from M1 and below, and are primarily in customer-centric roles who look after the operations at the bank.

ICICI Bank had reported a 26 per cent surge in its March quarter net at Rs 1,221 crore on a standalone basis.

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