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Yes Bank leadership team to earn 30% of FY21 remuneration in variable pay

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Yes Bank did not specify as to what is the current level of variable pay for its leadership team Private sector lender Yes Bank on Sunday said its leadership team has voluntarily agreed to a restructuring of their salary packages, with 30% of the total cost to company (CTC) for FY21 now becoming variable.

However, the bank did not specify as to what is the current level of variable pay for its leadership team. “The covid-19 situation has exacerbated the gradually slowing growth momentum in the global economy and the revival of economy will to a great extent depend on the robustness of the financial services sector," the bank said in a statement.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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