Tue Sep 03 04:26:06 UTC 2024: – ICICI Bank denies allegations of SEBI Chairperson drawing salary from the bank after leaving the entity
– The bank clarifies that no salary or ESOPs were paid to Madhabi Puri Buch after her retirement, other than her retiral benefits
– ESOPs vested over the next few years from the date of allotment and employees, including retired ones, had the choice to exercise them within 10 years
– The bank states that all payments made to Ms. Buch after her retirement were accrued during her employment phase with the group, including ESOPs and retiral benefits.

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