Icici Bank (IBN) has released an update.
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ICICI Bank has refuted allegations in the media regarding improper payments to Ms. Madhabi Puri Buch, former Chairperson of SEBI, clarifying that all remunerations paid were part of her retirement benefits and ESOPs earned during her tenure. The bank emphasized that these were in accordance with the existing policies and tax regulations, with no additional salary or ESOPs allotted post-retirement beyond what was accrued during her employment.
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