The largest lender of the country, ICICI Bank has announced a pay revision in alllowances of the top management. The allowances of the executive directors including the managing director have been revised.

The managing director and CEO, Ms Chanda Kochhar would be now receiving Rs 7 lakh per month as allowance with effect from April 01, 2011.

Allowances include leave travel allowance, house rent allowance and medical reimbursement.

Executive Director and Chief Finance Officer NS Kannan and other Executive Director K Ramkumar would get Rs 4.8 lakh per month as their allowances.

Rajiv Sabharwal another Executive Director would get Rs 4.65 lakh per month.