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IDFC First becomes second bank to announce salary cuts for staff

Updated : May 26, 2020 06:41 AM IST

One way to look at these pay cuts is to see them as short-term measures to avoid a much more unpleasant outcome- that of widespread layoffs
Last month, Kotak Mahindra Bank also announced that its leadership team had decided to voluntarily take a 15 percent salary cut for the current year
IDFC First becomes second bank to announce salary cuts for staff

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