HDFC Bank gets second administrative warning in a week from SEBI

The market regulator’s letter mentions a three-day delay by India’s largest private sector lender in disclosing the resignation of a senior executive.

16 December, 20242 min
0
Banner image

Subscribe to read this story

We publish over 500 original, detailed stories every year on startups, corporates, stock markets and economic current affairs.

$99 for one year

SUBSCRIBE
Already have an account? Sign In

Not ready to subscribe? Sign up for a free account

We value our free readers. Read 100+ stories every year.

You may also like

Business
Story image

HDFC Bank charged with ripping off NRI depositors. Now it is set to pay

Allegations of misselling risky AT1 bonds to retail investors come as a new headache for India’s largest private bank. The regulatory backlash could leave a $100 million hole in its books.

Business
Story image

India’s listed SME space is a ticking time bomb

If recent investigations by SEBI into cases of fraud by listed SMEs are any indication, a scam running into lakhs of crores is in the making, putting the entire financial system at risk.

Business
Story image

Prashant Kumar takes spring-cleaning route to profitability

The Yes Bank CEO ushers in a spate of changes in the retail banking business to stem its loss-making streak.