ICICI Bank Faces RBI Compliance Order

Icici Bank (IBN) has released an update.

ICICI Bank has disclosed that it received a compounding order from the Reserve Bank of India, requiring a payment of INR 2,11,000 due to delays in reporting stock options granted to non-resident employees between 2015 and 2018. This action highlights regulatory compliance challenges faced by firms in managing stock options for global employees.

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