HDFC Bank gets Sebi warning letter over alleged regulatory non-compliance

HDFC Bank has said the matter relates to certain observations made by Sebi during its periodic inspection of investment banking activities undertaken by the bank. It has also said it will take necessary steps to address the concerns or directives mentioned in the letter dated December 9. 

HDFC Bank gets Sebi warning letter over alleged regulatory non-compliance
The administrative warning letter dated December 9, 2024, was received by the bank on December 11, it said. | Image: PTI

HDFC Bank said on Thursday that it has received an administrative warning letter from capital market regulator Securities and Exchange Board of India (SEBI) over alleged regulator non-compliance. The matter relates to certain observations made by Sebi during its periodic inspection of HDFC Bank's investment banking activities.

HDFC Bank said it will take necessary steps to address the concerns or directives mentioned in Sebi's letter, which 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.

The private sector bank said that the letter, dated December 9 and received on December 11, will have no material impact on it financially or operationally. 

Earlier on Thursday, HDFC Bank shares declined by Rs 4.8, or 0.3 per cent, at Rs 1,859 apiece on BSE.

Catch all the latest stock market updates here. For all other news, visit Zeebiz.com.

 

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

RECOMMENDED STORIES

https://www.zeebiz.com/agencies/what-makes-the-axis-max-life-sustainable-yield-index-stand-apart-from-other-indices-336921

What makes the Axis Max Life sustainable yield index stand apart from other indices?

https://www.zeebiz.com/personal-finance/photo-gallery-sbi-fd-444-day-amrit-vrishti-vs-bank-of-baroda-bob-400-fixed-deposit-maturity-return-interest-rate-calculator-amount-on-inr-rs-400000-and-800000-investments-for-senior-and-general-citizens-340246

SBI 444-day FD vs Bank of Baroda 400-day FD: What will be maturity amounts on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens?

https://www.zeebiz.com/personal-finance/photo-gallery-sbi-5-year-fd-fixed-deposits-vs-post-office-fd-which-can-offer-better-returns-on-rs-350000-investment-over-5-years-see-calculations-340606

SBI 5-Year FD vs Post Office FD: Which can offer better returns on Rs 3,50,000 investment over 5 years?

https://www.zeebiz.com/personal-finance/photo-gallery-retirement-corpus-sip-lump-sum-mutual-fund-calculator-age-40-and-want-inr-rs-100000-per-month-know-one-time-lump-monthly-sip-investment-to-achieve-financial-planning-goal-inflation-rate-340662

Monthly Income Calculations: Age 40 and want Rs 1 lakh/month at retirement? Know your monthly SIP and one-time investments to achieve this goal

https://www.zeebiz.com/markets/stocks/photo-gallery-stocks-to-buy-hal-vedanta-bpcl-mazagon-dock-among-analysts-top-picks-340509

Stocks to buy: HAL, Vedanta, BPCL, Mazagon Dock among analysts' top picks

https://www.zeebiz.com/markets/stocks/photo-gallery-largecap-midcap-stocks-to-buy-for-long-term-domestic-brokerage-stock-picks-nifty-sensex-340629

Shares to Buy for Long Term: Analysts recommend buying largecap, midcap stocks; check out targets

https://www.zeebiz.com/personal-finance/photo-gallery-8th-7th-pay-commission-expected-basic-pay-salary-rise-for-central-government-employees-on-inr-rs-21700-35400-53100-at-fitment-257-factor-history-highest-lowest-slabs-date-year-pm-modi-cabinet-340684

8th Pay Commission: What may be revised salaries for central government employees with basic pays of Rs 21,700, Rs 35,400, and Rs 53,100? Know here

https://www.zeebiz.com/personal-finance/photo-gallery-sip-one-time-investment-retirement-planning-corpus-how-inr-600000-lump-sum-can-create-18000000-fund-in-long-term-power-of-compounding-return-growth-339933

How Rs 6,00,000 one-time investment can create Rs 1,80,00,000 retirement corpus? Know here

https://www.zeebiz.com/personal-finance/photo-gallery-mutual-fund-sip-vs-lump-sum-return-calculator-inr-rs-2000000-investment-in-15-20-years-which-will-give-higher-capital-gains-in-long-term-power-of-compounding-retirement-corpus-planning-systematic-investment-plan-340527

SIP vs Lump Sum: Rs 20 lakh investment in 15, 20 years; know which can give higher return in long term

https://www.zeebiz.com/personal-finance/photo-gallery-inr-rs-300-daily-sip-vs-9000-monthly-mutual-fund-investment-capital-gains-return-xirr-calculator-which-can-give-higher-return-in-10-20-30-years-calculations-power-of-compounding-rupee-cost-averaging-340366

Rs 300 Daily SIP vs Rs 9,000 Monthly SIP: Which can give higher return in 10, 20, and 30 years? Know here

Written By: ZeeBiz WebTeam
Updated: Thu, Dec 12, 2024
08:47 PM IST
New Delhi, ZeeBiz WebDesk
RELATED NEWS
HDFC Bank Q3 FY25 earnings Preview: Here's what you can expect HDFC Bank Q3 FY25 earnings Preview: Here's what you can expect
HDFC Bank cuts MCLR by 5 bps in select maturities; will it impact borrower's EMI? HDFC Bank cuts MCLR by 5 bps in select maturities; will it impact borrower's EMI?
HDFC Bank, 3 other blue-chip firms lose Rs 96,606 crore mcap in a week HDFC Bank, 3 other blue-chip firms lose Rs 96,606 crore mcap in a week
Bharti Airtel, TCS, ICICI Bank, 2 other blue-chip firms gain Rs 1.1 lakh crore in mcap in a week Bharti Airtel, TCS, ICICI Bank, 2 other blue-chip firms gain Rs 1.1 lakh crore in mcap in a week

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x