SEBI imposes penalty of Rs. 1 crore on IndusInd Bank Limited

SEBI has imposed a penalty of Rs.1 crore (Rupees One crore only) on the Bank under Section 15HA of the SEBI Act, 1992, for the commission and omission to get its loan repaid earlier sanctioned to CG group company. This penalty pertains to loans disbursed in the year 2017. The Bank is examining to prefer appeal against the said order in due course.

Source : Equity Bulls

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SEBI Penalty IndusIndBank