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ICICI Bank to reward 80,000 employees with up to 8% pay hike for working during COVID-19

These employees form over 80 percent of its overall workforce and the decision has been taken in recognition of the services rendered during the COVID-19 pandemic, the sources told PTI.

July 08, 2020 / 09:31 PM IST

The country's second largest private sector lender ICICI Bank has decided to reward over 80,000 of its frontline employees with a salary hike of up to 8 percent, sources said on July 7.

These employees form over 80 percent of its overall workforce and the decision has been taken in recognition of the services rendered during the COVID-19 pandemic, the sources told PTI.

The hike of up to 8 percent is for the fiscal year 2020-21 and applicable from July onwards, the sources said.

An e-mail sent to the bank did not elicit any response.