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Former ICICI Bank [ Get Quote ] veteran Shikha Sharma [ Images ] will take home a hefty pay packet as Axis Bank managing director and CEO that will be in excess of Rs 2 crore (Rs 20 million) a year, if one counts allowances and other perquisites.
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Sharma will also be provided loan facilities totalling Rs 51 lakh (Rs 5.1 million) by the bank, besides fully furnished accommodation, office car and telephone among other benefits.
She assumed office at Axis Bank in June this year, but her remuneration is yet to be ratified by the country's third largest private sector bank's shareholders, who have now been asked to either approve or reject the proposal by September 8.
According to the bank's proposal, Sharma will get over Rs 1.75 crore (Rs 17.5 million) as salary and allowances towards entertainment, house rent and upkeep of her residence.
Apart from this, Sharma will also get a number of perquisites adding up to more than Rs 90 lakh (Rs 9 million), taking the total ...more
Click here!
Sharma will also be provided loan facilities totalling Rs 51 lakh (Rs 5.1 million) by the bank, besides fully furnished accommodation, office car and telephone among other benefits.
She assumed office at Axis Bank in June this year, but her remuneration is yet to be ratified by the country's third largest private sector bank's shareholders, who have now been asked to either approve or reject the proposal by September 8.
According to the bank's proposal, Sharma will get over Rs 1.75 crore (Rs 17.5 million) as salary and allowances towards entertainment, house rent and upkeep of her residence.
Apart from this, Sharma will also get a number of perquisites adding up to more than Rs 90 lakh (Rs 9 million), taking the total ...more
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Answered by anil garg, 17 May '12 03:03 pm
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