SEBI issues settlement order to Utkarsh Small Finance Bank
The Securities and Exchange Board of India (SEBI) has issued a settlement order to Utkarsh Small Finance Bank upon the payment of Rs 1.24 crore by the lender.
The Securities and Exchange Board of India (SEBI) has issued a settlement order to Utkarsh Small Finance Bank upon the payment of Rs 1.24 crore by the lender.
The SEBI said this in an adjudication order where it imposed a penalty of Rs 2 lakh on Williamson Magor and Company Ltd (WMCL).
In FY2024, the Indian equity market witnessed a phenomenal performance as benchmark indices soared to unprecedented all-time highs
The RBI said the rupee is among the least volatile currencies and is steadily appreciating. "The INR has been bolstered by a pick-up in foreign direct investment by 11.4 percent year-on-year in October-December 2023," it said.
Reacting to the development, the IREDA stock fell 3.2% to quote Rs 125.2 apiece on the NSE in the early morning trade.
The US Fed’s rate decision, more importantly the Fed commentary on Wednesday night, will decide the trend in the US market, he said.
The Moscow Exchange (MOEX) and Korea Exchange (KRX) offer T+0 settlements for certain securities in Russia and South Korea.
SEBI chief Madhabi Puri Buch said that the regulator attempted to provide a listing environment for SMEs that is more facilitative, and thus less regulated than listing for the mainboard.
The firm, backed by cricketer Virat Kohli and his wife Anushka Sharma, hit many hurdles over compliance issues resulting in a delayed approval for the public offer.
As per the proposal, the restriction to invest up to 25% (of their net assets) in group companies or sponsors has been sought to be removed.