In the photo, we can see the present CEO of India's largest Private Sector Bank- ICICI bank Ltd., Ms. Chanda Kochchar, standing at the extreme left, with our Prime Minister Hon. Shri Narendra Modi and the Japanese Prime Minister Hon. Shinzo Abe, both in the middle. The image is courtesy rstv.nic.in and PTI, dated 12th Dec. 2015. For those who wish to study the Context and the Occasion, here is the link: Click here to go to: http://rstv.nic.in/pm-modi-abe-meet-business-leaders-assure-deeper-ties.html. The first time, we wrote about Ms. Chanda Kochchar at this blog was at ybrao-a-donkey's post No. 148 dated 20th Feb. 2014, i.e. before Hon. Shri Narendra Modi became Prime Minister of India, and immediately after the Bifurcation Bill of United Andhra Pradesh was forcibly passed in Lok Sabha, with the collusion of the BJP and Congress Parties, closing the Doors of the House, and switching off the TV Cameras and Channels. Those Readers who wish to study it, can click: Click here to go to http://problemsoftelugus.blogspot.com. Second time we wrote about Ms. Chanda Kochchar, CEO, ICICI Bank, was at our blog post No. 341. Click here to go to post No. 341. http://problemsoftelugus.blogspot.com/search/label/341.. That was on 6th Sept. 2014, i.e. soon after our Prime Minister took over as the PM of India, and visited Japan, with a delegation. At that time , our HOn. PM took along with him fifteen Great Business Magnets of India. Among them, Ms. Chanda Kochchar was also present. Conspicuously notable by her absence, was Ms. Arundhati Bhattacharya, the CEO of India's Largest Bank, and India's Largest Public Sector Bank. In that post, I have pointed out as under:--
उपर सूची में हम देख सकते हैं, श्रीमती चंदा कोच्चॆर जी, ऐसीऐसीऐ बैंक छेयिर पर्सन के नाम। We can see in the above list, the name of Ms. Chanda Kochhar, the Chairperson of the ICICI Bank. పై పట్టీలో మనం, ఐసీఐసీఐ ఛెయిర్ పర్సన్ శ్రీమతి చందా కొచ్చెర్ గారి పేరును చూడ వచ్చు.
OK, ICICI Bk. is the largest Private Bank in India. సరే, ఐసీఐసీఐ బ్యాంకు, భారత్ లో అతిపెద్ద ప్రైవేటు బ్యాంకు. బాగానే ఉంది. ठीक है, ऐसीऐसीऐ बैंक भारत में, सब से बडा प्रैवेट बैंक।
How about the largest bank in India and in the world (in terms of number of branches)? భారత్ లో అతి పెద్ద బ్యాంకు, మరియు శాఖల విస్తృతి లో ప్రపంచంలోనే అతి పెద్ద బ్యాంకు భారతీయ స్టేట్ బ్యాంకు సంగతి ఏమిటి? भारत में सब से बडा बैंक, और दुनिया में सब से बडा शाखा विस्तृती बैंक, भारतीय स्टेट बैंक के बात क्या है?
The Chairperson of State Bank of India is Ms. Arundhati Bhattacharya. Why her name has not been included in the delegation? భారతీయ స్టేట్ బ్యాంకు యొక్క ఛెయిర్ పర్సన్ శ్రీమతి అరుంధతీ భట్టాచార్య. ప్రతినిథి బృందం పేర్లలో ఆమె పేరును ఎందుకు జోడించలేదు? भारतीय स्टेट बैंक के छॆयिर पर्सन श्रीमति अरुंधती भट्टाचार्य है। उन की नाम प्रतिनिथि मंडल में क्यों शामिल नहीं किया गाया है?
What greatness and merit does Ms. Chanda Kochhar has, which Ms. Arundhati Bhattacharya does n't have? శ్రీమతి అరుంధతీ భట్టాచార్య గారి లో లేని గొప్పతనం , శ్రీమతి చందా కొచ్చెర్ గారిలో ఉన్నది ఏమిటి? जिस महानत और योग्यता श्रीमति अरुंधती भट्टाचार्य में नहीँ है, वह श्रीमती चंदा कोच्चरजी में है?
Is State Bank of India a Non-Performing Asset for Indian Prime Ministers? Telugu gist, తెలుగు సారం:భారతీయ ప్రధాన మంత్రులకు భారతీయ స్టేట్ బ్యాంకు వ్యర్ధమైన ఒక పనికి రాని ఆస్తి యా? भारतीय प्रधान मंत्रियों के लिये , भारतीय स्टेट ब्यांक एक गैर काम संपत्ती?
For opening one crore accounts in 15 days, State Bank of India is needed. పదహేను రోజులలో కోటి బ్యాంకు ఖాతాలను తెరవటానికి భారతీయ స్టేట్ బ్యాంకు కావాలి. पंद्रह दिन मॆं एक बैंक खाते खोलने के लिये यस.बी.ऐ होना।
For visiting Japan, SBI Chairperson is not needed. జపాన్ సందర్శించటానికి ఎస్. బీ. ఐ ఛెయిర్ పర్సన్ అవసరం లేదు. जपान संदर्शन के लिये भारतीय स्टेट बैंक के अध्यक्ष के जरुरत नहीं है।
Can PM of India explain this conundrum? ఈ కనికట్టును భారత ప్రధాన మంత్రి వివరించ గలరా? क्या भारत के प्रधान मंत्री महोदय इस पहेली की व्याख्या कर सकते हैं ?
Actually, at that time, I wanted to ask a straight question: "Does Ms. Chanda Kochchar has horns and ears, while Ms. Bhattacharya has only ears?". But, I felt that it would be impolite to use abusive language, and avoided it. Now, the Turn of the Events, is showing that she has extra-ordinary capabilities which go far beyond horns and ears.
Question: What is your grouse against Ms. Chanda Kochchar?
Ans: The essence of the above two blog posts 148 and 341 made in 2014, and 2015 is that only. That: While the (now Retired) SBI CEO Ms. Arundhati Bhattacharya is paid a pittance for her workload and responsibilities, Ms. Chanda Kochchar, who heads a relatively small Bank is paid millions of bucks. Quote from my post No. 148:--
ICICI Bank's managing director, Kochhar took Rs 5.12 crore as her take home salary in FY13. She has topped the list of the bankers getting high pays. Second in the list comes Aditya Puri with Rs 5 crore annual salary followed by Shikha Sharma, chief executive officer, Axis Bank who draws Rs 3.45 crore salary. Uday Kotak, managing director Kotak Mahindra Bank has Rs 2.19 crore as salary and Rana Kapoor, managing director, YES Bank who draws Rs 2 crore salary.
Telugu language equivalent: ఐసిఐసిఐ బ్యాంక్ ఎమ్.డి. కొచ్చర్ గారు రూ. 5.12 కోట్లు, 2013 సంవత్సరానికి ఇంటికి తీసుకువెళ్ళు జీతముగా పుచ్చుకున్నారు. బ్యాంకర్లయొక్క జీతాల పట్టికలో ప్రధమ స్థానంలో నిలబడ్డారు. ఆదిత్యపూరి (హెచడీఎఫ్ సీ బ్యాంకు) గారిది రూ. 5 కోట్లతో రెండవ స్థానం. శిఖా శర్మ యాక్సిస్ బ్యాంకు వారు మూడవ స్థానము. ఉదయ్ కోటక్ శ్రీకోటక్ మహీంద్రా బ్యాంకు గారిది రూ. 2.19 కోట్లతో నాలుగవ స్థానం. రాణా కపూర్ యస్ బ్యాంకు వారు రూ. 2 కోట్లు పుచ్చుకుంటున్నారు.
In the same blog-post 148, I wrote in Telugu langauge:
దేశంలో ఐదవ పెద్దరాష్ట్రాన్ని ముక్కలు చేసే నిర్ణయం తీసుకోటానికి అరగంట కన్నా ఎక్కువ సమయం తీసుకోలేదు. వారు ఎక్కువ గొప్ప డెసిషన్ మేకర్లా? చందా కొచ్చర్ గారు ఎక్కువ గొప్ప డెసిషన్ మేకరా? మరి వీరి జీత భత్యాలు చందా కొచ్చర్ గారి కన్నా తక్కువగా ఉన్నాయేమిటి?
English: Lok Sabha Members did not take more than half an hour, to truncate the fifth largest State in India- United Andhra Pradesh.* Are they Great Decision Makers? Or Ms. Chanda Kochchar a Great Decision Maker? Then, why their salaries are less than Ms. Chanda Kochchar?
ఈక్రింది వారంతా చందా కొచ్చర్ గారి కన్నా తక్కువ నైపుణ్యాలు కలవారా? తక్కువ బరువు బాధ్యతలు మోసేవారా? Do the following persons, who get less than Ms. Chanda Kochchar have lesser skills? Or do they should lesser responsibilities? ౧. ఉపరాష్ట్రపతి 1. Vice President. ౨. సుప్రీంకోర్టు ప్రధాన న్యాయమూర్తి. 2. C.J.I., and SC and HC Judges. ౩. లోక్ సభ స్పీకర్. 3. Lok Sabha Speaker. ౪. త్రివిధ దళాధిపతులు. 4. Three Defence Chiefs ౫. ఇస్రో , డీఆర్ డీవో, భారత అణుశక్తి సంస్థ మొ|| అధిపతులు, శాస్త్రవేత్తలు 5. Heads and Scientists of ISRO, DRDO, BARC etc. ౬. రిజర్వు బ్యాంక్ గవర్నర్. 6. RBI Governor. ౭. స్టేట్ బ్యాంక్ ఛెయిర్ పర్సన్ తో సహా షుమారు ౩౦ దాకా ఉన్న ప్రభుత్వరంగ బ్యాంకుల సీఎండీలు. SBI CEO and CEOs of nearly 30 large PS Banks. ౮. భారత ప్రభుత్వ కార్యదర్శులు. 8. Secretaries of Governments. ౯. సీబిఐ అధిపతి తో సహా డీజీపీలు మొ|| పోలీసు అధికారులు. 9. DGPs, CBI Heads, etc. Police Officials. ౧౦. విదేశాల్లో భారత రాయబారులు, హైకమీషనర్లు. (ఇంకా జోడించ వలసినది, తిరగవ్రాయవలసినది ఉన్నది.) 11. Ambassadors, High Commissioners in Indian Missions abroad.
* Those decisions of Lok Sabha and Rajya Sabha have proven to be hasty and defective, as can be seen from the current Agitation which is going on in the State of Residual Andhra Pradesh. Reasons: BJP Leaders forced Congress Prime Minister Mr. Manmohan Singh to make impossible promises, or promises which lead to similar demands from Other States. Funniest thing is, Hon. Narendra Modi, the Current PM, committed himself to those promises at Tirupati Meeting.
What is the 2017 Salary position of Ms. Chanda Kochchar?
Source: Click here to go to https://economictimes.indiatimes.com/news/company/corporate-trends/guess-how-much-icici-banks-chanda-kochhar-made-this-year/total-salary-break-up/slideshow/58855422.cms
Kochhar's basic salary increased to Rs 2.66 crore in the fiscal ended March 2017 from Rs 2.31 crore in the year earlier, while the bank’s senior most executive director NS Kannan's salary increased to Rs 1.76 crore from Rs 1.53 crore.
Kochhar's total salary including a performance bonus, allowances and perquisites, provident fund, superannuation fund and gratuity fund increased 63% to Rs 7.83 crore in the fiscal ended April 2017 from Rs 4.76 crore mainly because of a Rs 2.20 crore bonus which was non-existent last year and also as allowances and perquisites increased 47% versus fiscal 2016.
ybrao-a-donkey's personal views which are not intended to be imposed on others:
Even after getting so much, why Ms. Chanda Kochchar has brought herself to a critical situation, wherein she has to face a "Look out Notice" from CBI and ED? Is she not satisfied, with what she is getting?
It is also important to note that there is sharp disparity between the S&A of the CEO, and her subordinates, vis-a-vis the responsibilities every one shoulders.
Wonder of the wonders, is: Even after the financial irregularities in respect of the Credit facilities extended to Videocon, have come out in the Open, the Board of Directors of ICICI Bank is still supporting their CEO facing the allegations. Though it may not be prudent for them to panic, the Action of the Bank's Board supporting the CEO gives an impression that at their instance only, their CEO has committed the Irregularities. It gives an impression for "nodding her head for everything" , Ms. Kochchar is getting all her Pay Rises and Bonuses. So much for the Efficiency of Private Sector Banks and their CEOs!
According to News Reports, the Credit of about Rs. 30 billion extended by ICICI Bank to Videocon, is only 10% of the total amounts lent by Consortium of many Banks. Hence a question will arise: Which are the other Banks? Who are their CEOs? Did they also get any quid quo pro? CBI and ED have to investigate.
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// “1057 Does India need Private Banks, and their Super-Efficient Larger-than-Life-Imaged CEOs?” //
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