new Delhi: Today, when there is an atmosphere of disappointment in the world due to salary cuts and layoffs, ICICI Bank has decided to increase salary of its 80 thousand employees. Yes, the bank has announced an 8% increase in salary of its 80,000 frontline employees for continuous work during the corona pandemic.
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These employees are from the M1 and below grades, mostly frontline staff in a customer facing role. They ensure the functioning of branches and other functions of the bank. Although the bank has not yet officially made any statement on this matter, but according to sources, this decision has been taken for the financial year 2020-21, to be implemented from July.
ICici, the second largest bank in the private sector, had a tremendous profit in the March quarter. The bank’s net profit rose 26 per cent to Rs 1,221 crore from Rs 969 crore in the same quarter of the previous fiscal.
Icici Bank recently gave affordable EMI gift to customers-
ICICI Bank has reduced the interest rates of the loan by 15 basis points i.e. 0.15 percent. This step of the bank will reduce the EMI of customers taking home, auto loan and personal loan. ICICI Bank has announced another loan facility, giving gifts to its customers. Under this scheme, loans up to Rs 1 crore can be taken immediately by pledging any type of debt or equity mutual fund holding.