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Citi says female employees earn 29 percent less than men

Saturday, January 19, 2019, 3:29 PM

Citigroup's female employees earn 29% less than male employees on a global median-basis, the Wall Street bank revealed, while announcing targets for appointing more women and minorities to senior roles. The median pay for Citi's women employees globally was just 71% of the median for men, while that for minorities in the United States was 93% of the median for non-minorities, the company said.
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RBI to frame rules for bank CEOs' pay

Monday, January 14, 2019, 10:45 AM

The RBI is working on a set of rules that would link remuneration of banks CEOs to parameters like balance sheet size of a bank, loan delinquency, profits and governance record. The proposed framework is expected to provide a broad template to the board of directors of banks while approving increase in salary, performance bonus and stock options to the senior most executive.
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Jet Cancels 14 Flights As Pilots Report 'Sick' Amid Salary Defaults

Monday, December 3, 2018, 12:40 PM

Jet Airways cancelled at least 14 flights to various destinations on Sunday after some of its pilots reported "sick" over non-payment of their dues, as per reports. The airline has been defaulting on payment of salaries since August due to cash crunch. In a statement, Jet Airways said flights were cancelled due to "unforeseen operational circumstance, and not pilot non-cooperation."

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