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RBI Delays Bonuses of ICICI, Axis, HDFC Bank CEOs | NYOOOZ TV

120 views · Published 6 April 2018 · 1:05 · Indexed 26 September 2026

Channel: NYOOOZ TV · 2018 · News & Politics

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RBI is delaying year-end bonuses to the heads of top private banks as it questions the size of the payouts citing the lenders’ performance issues
According to media reports, CEOs at HDFC Bank, ICICI Bank, and Axis Bank are among bankers yet to receive bonuses for the FY 2017

ICICI’s board had approved a bonus of Rs 2.2 crore for CEO Chanda Kochhar 
Axis Bank’s Shikha Sharma was set to receive Rs 1.35 crore

HDFC Bank’s Aditya Puri about Rs 2.9 crore

Long considered healthier than their government-run peers, India’s private banks have had a tough time over the past year, plagued by revelations of hidden bad loans and alleged lapses in corporate governance. Rising defaults have enraged the public, piling pressure on Prime Minister Narendra Modi to act against the perpetrators and reinforce his anti-graft image before elections next year. 

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