Austerity Measures

Seeking to set an example in austerity, Chief Election Commissioner Rajiv Kumar and Election Commissioner Anup Chandra Pandey on Friday decided to give up perks and privileges.

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V Vaidyanathan, managing director and chief executive, will take 30 per cent cut in his compensation, including fixed compensation as well as all allowances.

They're closing unviable branches, paring ad spends and hiring, while being cautious about credit growth