Tue Sep 03 08:27:29 UTC 2024: – ICICI Bank denies allegations of SEBI Chairperson Madhabi Puri Buch receiving salary after leaving the entity
– The bank clarifies that Buch only received retiral benefits after opting for superannuation in 2013
– ESOPs granted to Buch during her employment with the ICICI Group were part of her compensation
– ICICI Bank reiterates that all payments made to Buch after her retirement were accrued during her employment phase
– The bank explains the tax implications of ESOPs and retiral benefits for retired employees

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