rediff.com

Sebi Issues Warning to HDFC Bank for Regulatory Non-Compliance

Share on:

By Rediff Money Desk, New Delhi   Dec 12, 2024 19:01

Sebi has issued a warning letter to HDFC Bank for regulatory non-compliance related to investment banking activities. The letter alleges non-compliance with SEBI regulations, including the Merchant Bankers Regulations, 1992.
Sebi Issues Warning to HDFC Bank for Regulatory Non-Compliance
New Delhi, Dec 12 (PTI) Capital markets regulator Securities and Exchange Board of India (Sebi) has issued an administrative warning letter to HDFC Bank for regulatory non-compliance.

This is in relation to observations made during the course of its periodic inspection of investment banking activities undertaken by the bank, thereby alleging non-compliances with certain provisions of Sebi, HDFC Bank said in a regulatory filing on Thursday.

"The said warning letter alleges non-compliances with certain provisions of the SEBI (Merchant Bankers) Regulations, 1992, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and SEBI (Prohibition of Insider Trading) Regulations, 2015," it said.

The administrative warning letter dated December 9, 2024, was received by the bank on December 11, it said.

The bank will take necessary steps to address the concerns/directives mentioned in the letter, it added.
Source: PTI
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

TODAY'S MOST TRADED COMPANIES

  • Company Name
  • Price
  • Volume

More »

Moneywiz Live!