HDFC Bank: Capital markets regulator SEBI has issued an administrative warning to the country’s largest private bank – HDFC Bank for lapses in regulatory compliance. HDFC Bank has given information about this to the stock market exchanges on Thursday. HDFC Bank said in an exchange filing that this is related to observations made by the bank during its periodic inspection of investment banking activities, alleging lapses in compliance with certain SEBI regulations.
SEBI had sent a warning letter on 9 December
“The said warning letter contains provisions of SEBI (Merchant Bankers) Regulations, 1992, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and SEBI (Insider It has been alleged that there has been non-compliance with certain provisions of the Prohibition of Trading) Regulations, 2015.” It said that on December 9, The administrative warning letter dated 2024 was received by the bank on December 11. The bank said it will take all necessary steps to address the concerns and instructions expressed in the letter.
There will be no impact on the work of HDFC Bank.
HDFC Bank said in an exchange filing that this warning letter and concerns of SEBI will not have any impact on its financials, operations and any other activities. This largest private sector bank has informed both BSE and NSE exchanges about this warning letter of SEBI.
Bank shares closed with a decline on Thursday
HDFC Bank shares closed in decline on Thursday. Shares of HDFC Bank yesterday closed at Rs 1858.95 with a fall of Rs 4.75 (0.25%). Let us tell you that the shares of the bank are trading around their 52 week high. The 52 week high of shares of this private bank is Rs 1880.00 and 52 week low is Rs 1363.45. According to BSE, the current market cap of HDFC Bank is Rs 14,21,143.28 crore. It is the largest bank in the country in terms of market cap.
