ICICI Denies Salary Payments to SEBI Chief Madhabi Puri Buch Following Retirement
Monday, 2 September 2024, 07:45
Background of the Controversy
Madhabi Puri Buch, the chairperson of SEBI (Securities and Exchange Board of India), has not been compensated with any salary since her retirement, according to a statement from ICICI Bank. This assertion directly addresses claims made by the Congress party regarding an alleged "office of profit" situation.
Key Points of ICICI's Statement
- ICICI Bank clarified the salary status of Madhabi Puri Buch.
- The bank's statement is significant in the context of ongoing political discussions.
- Regulatory framework and its implications are crucial for stakeholders in the financial sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.