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Coronavirus effect: Uday Kotak to take Re 1 salary; Kotak Mahindra Bank leadership takes 15% pay cut

Updated : April 09, 2020 08:49 PM IST

The banking group’s leadership team has opted to take a 15 percent cut in compensation for FY21, the bank said in a press release on Thursday.
India is currently under a near-complete lockdown until April 14. All services deemed non-essential have been ordered shut, pushing daily wagers on the brink.
Coronavirus effect: Uday Kotak to take Re 1 salary; Kotak Mahindra Bank leadership takes 15% pay cut

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