SBI average salary at Rs 10 lakh exceeds ICICI Bank’s by 67 per cent

State Bank of India (SBI) has raised salaries by 47% from fiscal 2011 to December quarter FY14. In fact, SBI’s average salary per employee at Rs 10 lakh is 67% more than Rs 6 lakh paid by ICICI Bank.In a report, IDFC Institutional Securities said SBI’s average employee salary has risen 47% over FY11 (after the impact of pay hikes), while its better performing private sector peer ICICI Bank’s average salary has declined 22% over the same period...Read More