Sebi Issues Warning to HDFC Bank for Non-Compliance

New Delhi, Apr 2 (PTI) Capital markets regulator Securities and Exchange Board of India (Sebi) on Wednesday issued an administrative warning letter to HDFC Bank for regulatory non-compliance.

Pursuant to periodic inspection of custody activities undertaken by the bank, Sebi issued an administrative warning letter for alleged non-compliance with certain regulatory guidelines, which are applicable to custodians, HDFC Bank said in a regulatory filing.

The bank will take necessary steps to rectify the lapses mentioned in such letter, it added.

Earlier, Sebi issued an administrative warning letter to HDFC Bank for regulatory non-compliance related to merchant banking activity in December 2024.