Tue Sep 03 12:26:42 UTC 2024: – ICICI Bank denies allegations of SEBI chairperson Madhabi Puri Buch receiving salary after leaving the entity
– Bank clarifies that Buch received compensation during her employment, including salary, retiral benefits, bonus, and ESOPs
– ESOPs vest over time, and employees have the option to exercise them within 10 years of vesting
– Income tax rules apply to the difference between stock price on exercise day and allotment price
– Bank states that all payments to Buch after retirement were accrued during her employment phase

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