ICICI Bank to give 80k employees up to 8% pay hike for work amid Covid-19

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 per cent, sources said on Tuesday.

These employees form over 80 per cent 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 per cent 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.

The sources said