ICICI Bank 2015 Annual Report Download - page 72
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70 Annual Report 2014-2015
Directors’ Report
Note 2: Alok Tandon is a non-executive Director nominated by the Government of India. As a Government Nominee Director he is not
eligible to be paid any sitting fees, he is only entitled to reimbursement of expenses for attending Board/Committee Meetings.
Note 3: Being a Banking Company, the provisions of Banking Regulation Act, 1949 apply to the Bank and any payments to Non-Executive/
Independent Directors other than sitting fees can be paid only with the approval of RBI. Presently Independent Directors are paid
only sitting fees except for Chairman who is paid an annual remuneration with the approval of RBI as mentioned in Note 1. All
Non-executive/Independent Directors are entitled to reimbursement of expenses for attending Board/Committee Meetings. The
remuneration is however well within the limits prescribed under the Companies Act, 2013.
C.
REMUNERATION
TO
KEY MANAGERIAL PERSONNEL OTHER
THAN MD/MANAGER/WTD
Sl.
No. Particulars of Remuneration P. Sanker Rakesh Jha
Company Secretary CFO
Amount in `Total(`)
1. Gross Salary
(a) Salary as per provisions contained in section 17(1) of the
Income-tax Act, 1961
Salary and Allowances for fiscal 2015 - (A) 13,226,693 14,535,333 27,762,026
Bonus Paid in fiscal 2015 - (B) 3,969,900 4,667,040 8,636,940
(b) Value of perquisites u/s 17(2) of the Income-tax Act, 1961
Perquisites – (C) 1,242,713 3,478,852 4,721,565
(c) Profits in lieu of salary under section 17(3) of the Income-
tax Act, 1961
0 0 0
2. Stock Option (Perquisite on stock options exercised in fiscal 2015,
w.r.t. options granted upto 10 years prior to date of exercise)
4,675,120 58,296,803 62,971,923
3. Sweat Equity 0 0 0
4. Commission (as % of Profit/Others) 0 0 0
5. Others 0 0 0
(A)+(B)+(C)
Total Remuneration paid in fiscal 2015 (excludes perquisites on stock
options reported in point 2)
18,439,306 22,681,225 41,120,531
VII. PENALTIES/PUNISHMENT/COMPOUNDING OF OFFENCES
T
y
p
e
Section
of
t
h
e
C
o
m
p
a
n
ies
Ac
t
B
r
ief
Desc
r
i
p
t
io
n
Details of Penalty/
P
un
is
h
m
e
n
t
/
C
o
m
p
o
und
i
ng
fees
i
m
p
ose
d
A
u
t
h
o
r
i
t
y
[RD/N
C
LT
/
C
o
u
r
t
]
Appeal made,
if
a
n
y
(give
de
t
a
ils)
A. COMPANY
Penalty
NonePunishment
Compounding
B. DIRECTORS
Penalty
NonePunishment
Compounding
C. OTHER OFFICERS IN DEFAULT
Penalty
NonePunishment
Compounding
K. V. Kamath
May 22, 2015 Chairman