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 AT-1 bonds, issued in 2016 and 2017, were written down as part of reviving the cash-strapped bank last year.
They have been asked to pay Rs 15 lakh each.
Bengaluru-based Medi Assist is a health tech and insurance company focused on administering health benefits across employers, retail members and public health schemes.
The capital market regulator said that the submission of reports certifications to stock exchanges can now be done by July 15.
Proceeds from the fresh issue would be used towards funding organic and inorganic growth initiatives; and general corporate purposes.