Comments
In the wake of the economic slowdown from the national lockdown, YES Bank's top management has decided to go in for salary restructuring.
“The bank’s leadership team has taken a conscious and voluntary decision for restructuring of their compensation package for 2020-21, in a manner wherein up to 30 per cent of their total cost to company (TCC) will be allocated as variable pay,” Yes Bank said in a statement on Sunday.
Earlier, it's employees had also voluntarily contributed an amount equal to one day’s salary to the PM CARES Fund to support relief efforts to combat Covid-19.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.