Tue Sep 03 13:07:16 UTC 2024: ICICI Bank has denied allegations that SEBI Chairperson Madhabi Puri Buchwas drawing a salary from the bank group after leaving the entity. The bank clarified that Buch had received compensation during her employment including salary, retiral benefits, bonus, and ESOPs. The bank stated that payments made to her after retirement were accrued during her employment phase with the group. ESOPs were granted to employees, including retired employees, with the option to exercise them within 10 years from the date of vesting. The bank also mentioned that income tax rules applied to the difference between the stock price on the day of exercise and the allotment price for ESOPs.

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