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Didn't pay any salary or ESOPs to Buch as Sebi chief, clarifies ICICI Bank
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Congress party, ICICI Bank on Monday clarified that Sebi chief Madhabi Puri Buch did not receive any salary or hasn't been granted ESOPs after she retired from the bank.
Earlier on Monday, Congress raised the issue of conflict of interest with regards to Buch, alleging that she continued to draw a salary from ICICI Bank while she was a member of Sebi.
“ICICI Bank or its group companies have not paid any salary or any ESOPs to Sebi Chairperson Buch other than her retiral benefits. It may be noted that she had opted for superannuation with effect from October 2013," the bank said in a filing.
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