ICICI directors' salary rose 12-15% in FY18, other employees get 10% jump

Kochhar is now under scrutiny on allegations of conflict of interest regarding loans extended to the Videocon group

ICICI Bank’s top management took a pay rise of 12-15 per cent for financial year 2017-18. Chanda Kochhar, managing director and chief executive officer, had a rise of 15 per cent in basic take-home pay to Rs 31 million. A lower bonus meant her total income, excluding stock options, went up only 7.3 per cent.

Even so, she remained the highest paid official. She got 131 times the median remuneration. Other employees got a median pay hike of 10 per cent, according to the bank’s report for 2017-18.

Kochhar is now under scrutiny on allegations of conflict of interest regarding