The country’s third-largest private sector lender Axis Bank has offered a salary increase of up to 12% for its more than 75,000 employees, sources said on Tuesday.The bank had already given the yearly bonuses to officials below a certain rank and now the bonuses will be given to all, they added. “We have been informed individually about the salary hikes and bonuses,” a source said, adding that the raises ranged from 4-12% as per individual performances.The increases are applicable from October 1. Generally, hikes are given with effect from April 1 every financial year. An e-mail sent to a bank spokesperson remained unanswered.
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