Trending @Infosys; If I get 'Needs Improvement' rating I will not get quarterly performance pay. Is this true? Please let me know?

Yes. I am tagged to the project. Still now HR or My Manager has not mailed me / informed me regarding PIP.

Yes no performance pay, no hike. But it’s a good year you got NI , none of us is anyways getting much bonus or salary increment this year. But hopefully your PIp was not initiated and you are not on bench so you don’t have risk of loosing job.

True