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

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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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Read more about: icici bank salary coronavirus
Story first published: Tuesday, July 7, 2020, 19:13 [IST]
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