• Source:JND
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ICICI Madhabi Puri Buch Salary Row:  ICICI bank denied paying any salary to Madhabi Puri Buch, the chairperson of SEBI (Securities and Exchange Board of India), after her retirement, rejecting the allegations of 'office of profit' made by Congress earlier today. The Congress party alleged that Madahbi Puri, who joined SEBI in 2017 as a member and later rose to the post of chairperson, was paid Rs 16.8 crore by ICICI Bank as salary and other compensation.

“ICICI Bank or its group companies have not paid any salary or granted any ESOPs to Madhabi Puri Buch after her retirement, other than her retiral benefits. It may be noted that she had opted for superannuation with effect from October 31, 2013. During her employment with the ICICI Group, she received compensation in the form of salary, retiral benefits, bonus and ESOPs, in line with applicable policies," the bank said in a statement released on Monday evening.

It further said that all payments made to Puri were part of her retirement benefits. "All the payments made to Ms. Buch post her retirement had accrued to her during her employment phase with the ICICI Group. These payments comprise ESOPs and retiral benefits” the ICICI bank added.