RBI announced it wanted to limit excessive salaries with only a half dozen bank CEOs incl Chanda Kochchar and 3 others at ICICI Bank actually drawing more than INR 10 mln or 1 crore. RBI suggested no monetary limit but wanted all senior management salaries to be shared with them before being signed
Deccan Herald also mentions the Guv;s package itself is a little over INR 1.5 million or 15% of a 1 crore mark drawn by ICICI managers like Ramkumar. RBI has fixed a ceiling of 70% (of total comp) on the variable component
Goldman Sachs salaries have ticked lower to a $367,000 average or INR 1.8-2.4 crores.
