Sebi Chairperson Madhabi Puri Buch Clarifies Position on Allegations

In recent developments, Sebi Chairperson Madhabi Puri Buch has responded to accusations made by the Congress party, affirming that all necessary disclosures pertinent to her engagement with a consultancy firm have been fully communicated to the Securities and Exchange Board of India (Sebi). She emphasized her commitment to transparency and integrity, stating that she did not engage in 'moonlighting' activities while holding her position at the ICICI Group. ICICI Bank Limited IBN, a leading financial services provider headquartered in Mumbai, India, has been closely associated with Buch given her past role at ICICI Group, a large conglomerate with international operations.

Ensuring Transparency and Integrity

Buch's statement comes in light of allegations suggesting potential undisclosed conflicts of interest tied to her consultancy role. She has strongly refuted these claims, reassuring stakeholders that her practices have always been in line with the stringent ethical standards expected from executives in her position. Her firm stance on the issue highlights Sebi's unwavering commitment to uphold transparency, a core value that resonates with the very essence of governance in financial markets.

ICICI Group's Commitment to Compliance

As an esteemed entity within India's financial sector, the ICICI Group, associated with IBN, operates with a robust compliance framework to ensure adherence to regulatory norms. The clarification made by Buch, who has played a significant role in shaping the group's corporate ethos, reflects the broader commitment of IBN and its affiliates to meet all legal and ethical requirements, underscoring the bank's dedication to its investors and clients.

Sebi, disclosure, integrity