Picture courtesy indianexpress.com
Mumbai: The Securities and Exchange Board of India (Sebi) has imposed a fine of Rs 1 crore on HDFC Bank for violating its interim order and invoking securities pledged by BRH Wealth Kreators.
In an order, the market regulator said that HDFC bank had extended loan facility of Rs 87.75 crore against shares to BRH and BRH Commodities, and invoked securities pledged amounting to Rs 158.68 crore without giving notice to the clients, Mint reported.
Observing that the bank violated directions given in the interim order issued on October 7, 2019, Sebi has asked HDFC Bank to deposit Rs 158.68 crore, along with interest from October 14, 2019, till date at the rate of 7% per annum till the settlement of clients’ securities.
Mumbai: Bollywood celebrities have often had funny, at times bizarre experiences, mostly involving hero-worshipping, demanding fans.…
Bhubaneswar: Police have arrested the owner of a Jatra (theatre) group for allegedly duping an…
Sanskriti Talwar Faridkot (Punjab): For the third consecutive year, Balwinder Singh of Mallan village in…
Bhubaneswar: Rain may play spoilsport in Christmas and New Year celebrations in Odisha as the…
New Delhi: Netflix showed the way, Amazon Prime Video is following in their footsteps. Come…
Hyderabad: Allu Arjun’s woes keep mounting. In a worrying development, protesters stormed Allu Arjun’s Jubilee…
This website uses cookies.