Icici Bank (IBN) has released an update.
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ICICI Bank has disclosed that it received a compounding order from the Reserve Bank of India, requiring a payment of INR 2,11,000 due to delays in reporting stock options granted to non-resident employees between 2015 and 2018. This action highlights regulatory compliance challenges faced by firms in managing stock options for global employees.
For further insights into IBN stock, check out TipRanks’ Stock Analysis page.
