Home - Banking News - RBI Holds Rs 2.2 Crore Bonus of ICICI Bank’s Chief Chanda Kochhar

RBI Holds Rs 2.2 Crore Bonus of ICICI Bank’s Chief Chanda Kochhar

Reserve Bank of India (RBI) has held the bonuses to the heads of top private banks i.e. Axis Bank, HDFC Bank & ICICI Bank on the size of the payouts citing the lenders’ performance issues for the financial year ended March 31, 2017. ET reported the news.

ICICI’s board had approved a bonus of Rs 2.2 crore for CEO Chanda Kochhar

Axis Bank’s Shikha Sharma has to receive Rs 1.35 crore as bonus and

HDFC Bank’s Aditya Puri about Rs 2.9 crore.

India’s private banks have had a tough time over the past few year, plagued by revelations of hidden bad loans and alleged lapses in corporate governance. Corruption allegations are made on head of two banks i.e. Axis Bank and ICICI Bank.

Private Bankers Can be Charged Under Anti-Corruption Law

Recent RBI audit showed Axis hadn’t disclosed bad loans worth about Rs 5,600 crore where as HDFC Bank also reported a divergence. ICICI bank has already reported the losses and recent fraud in Videocon loan.

Click Here - Buy Online - Great Offers Today

For the latest Banking updates, follow AskBankings on Twitter, Facebook, and subscribe to our YouTube channel

Get Daily Updates On Banking, Enter your email address:

Leave a Reply

Be the First to Comment!

Notify of

Check Also


Axis Bank Acquisition Buzz – To Be Bought By Kotak Mahindra Bank

If we may believe on a report by brokerage firm Nomura Financial Advisory Services, the time ...