ICICI Bank Junior Officer salaries in Chennai

Likes

The company is open to innovation. I Love the fact that I am a part of a team .Another plus point is that my colleagues come from various cultural background.

Dislikes

Compensation is decent, but growth is slow. The work pressure is very high.

Likes

Worst Bank I have worked with. ICICI Bank hires candidate for junior officer on contract and then fired them on the name of retrenchment and apply training cost 30000 + 30% interest on them also gave 50% of salary which is written on offer letter. I have an offer letter of 1.60 lac but hardly I got only 8000 /month salary.

Dislikes

Worst Bank I have worked with. ICICI Bank hires candidate for junior officer on contract and then fired them on the name of retrenchment and apply training cost 30000 + 25% interest on them also gave 50 % of salary which is written on offer letter. I have an offer letter of 1.60 lac but hardly I got only 8000 / month salary. They also did not gave experience letter in small cities so that their ex employees will not find job in other banks. Management is worst

Likes

....Work life balance is good for me as we don't have too much pressure and stress. Salary and other benefits are also good. There is no appraisal system, therefore no leg pulling or working in silos is there which is very important for big organisation especially established banks. This very boon also have some cons like there are fixed increament at annual level which are close to 9% at mid management level and 4-5% at leadership levels. Additionally, the promotion happens in every 3 yrs(which is fixed based on your work experience and education level) till you reach leadership level and with each promotion you get salary hike of around 25% and from CM1 level you start to get Esops as well. Furthermore, there are fixed working hours from 9:15-5:15 for me and strictly no work from home policy. You have to be present physically everyday at ofc. Overall company culture is good like other corporates. In branch level things and experience might defer. Overall in my opinion better than other indian banks.

Dislikes

Work from office for 6 days policy, with alternate Saturday's off. Others, You can read it in like section only, mentioned there

Likes

Work life balance is there if you are a Virtual RM. Salary is below average as compared to posh cities where cost of living is high like Bangalore. HR policies is good. Fresher should take a chance to learn and embibe in the field. Coming to promotion it is by default your years of experience and expertise in the domain.

Dislikes

CTC Complexities Internal department change is not easy

Likes

The overall salary structure. Centralized appraisals.

Dislikes

Thank God for centralized appraisals, otherwise one wouldn't get a dime! The company culture is deteriorating with every passing minute. You won't get to learn new things unless the hierarchy sees their own benefit in it. Favourism and partiality goes hand in hand and at a peak level.