Articles for tag: Bank, Benefits, Chairperson, Challenges, Congress, Controversial, ICICI, Retirement, SEBI

September 3, 2024

Congress Challenges ICICI Bank Over Controversial Retirement Benefits of SEBI Chairperson

Congress party has raised concerns regarding the retirement benefits received by Madhabi Puri Buch, the Chairperson of the Securities and Exchange Board of India (Sebi), from ICICI Bank. During a press conference, Congress highlighted that the payments Buch received post-retirement were more than her regular salary while she was employed at the bank. They questioned ...

September 2, 2024

Market News

Business

ICICI Securities Delisting Sparks Controversy Amid Regulatory Scrutiny and Shareholder Outcry

ICICI Bank’s plan to acquire its subsidiary, ICICI Securities, has sparked controversy among shareholders and drawn scrutiny from India’s Market regulator, SEBI. Discontent stems from the waiver of SEBI’s rules about compensating minority investors during the delisting process. A recent class-action suit alleges that the merger terms favor the bank and could cause significant losses ...