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Sandeep Bakhshi, the managing director and CEO of ICICI Bank, did not take his salary in Covid-hit 2020-21, the annual report of the private sector lender showed. Bakhshi is perhaps the only instance of a non-promoter CEO taking a salary cut. His peers in the technology sector Rajesh Gopinathan of TCS and Salil Parekh of Infosys have both taken hikes, though the IT industry benefitted from the pandemic in terms of greater spending in the digital domain. However, many big name promoters did not take salaries last fiscal, including Uday Kotak and Mukesh Ambani. Advertisement Besides Bakhshi, “material risk takers’’ of the bank including its executive directors, group chief financial officer and company secretary voluntarily opted for a 10 per cent reduction effective May 1, 2020, in their basic salary, retirals and supplementary allowances for fiscal 2021.

Amitabh chaudhrySandeep batraAnup bagchiAditya puriSashidhar jagdishanVishakha mulyeAxis bankPrudential life insurance companyBesides bakhshiLife insurance companyஅமிதாப் ச ud த்ரிசந்தீப் பாத்ராஅனுப்பி பாகிஅச்சு வங்கிவிவேகமான வாழ்க்கை காப்பீடு நிறுவனம்வாழ்க்கை காப்பீடு நிறுவனம்