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.
Earlier in November 2019, Puranik Builders had filed papers with Sebi to float an initial share-sale and had received the regulator's clearance.
The Sebi chairman said that individual investor participation in the market has increased by "leaps and bounds".
Zerodha Founder and CEO, Nithin Kamath said in a tweet on Wednesday: "So, we just got our in-principle approval for our AMC (MF) license. I guess now comes the hard part.
Sebi found lapses on part of Kotak AMC in carrying out due diligence and laid back approach adopted by the fund house in risk assessment
In recent months, Sebi has ordered a forensic audit of certain companies. In October 2020, Sebi asked listed companies to make disclosures