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.
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.