ICICI Denies Salary Payments to SEBI Chief Madhabi Puri Buch Following Retirement

Monday, 2 September 2024, 07:45

SEBI chairperson Madhabi Puri Buch has not received any salary post-retirement, according to ICICI's statement. This response comes after Congress raised concerns about an "office of profit" implication. In today's financial landscape, such clarifications are critical for stakeholders. The situation highlights the dynamic interactions between regulatory bodies and political entities.
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ICICI Denies Salary Payments to SEBI Chief Madhabi Puri Buch Following Retirement

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.


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