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AT-1 bond case: SEBI imposes penalty of ₹25 crore on YES Bank April 12, 2021 × The bank needs to pay the penalty within 45 days of the receipt of the order SEBI has imposed a penalty of ₹25 crore on private sector lender YES Bank in the matter of Additional Tier 1 bonds. It has also imposed a fine of ₹1 crore on Vivek Kanwar, who was the head of the bank’s Private Wealth Management Team, and of ₹50 lakh each on Ashish Nasa and Jasjit Singh Banga, who were part of the team. Noting tha...

SEBI imposes penalty of ₹25 cr on YES Bank Mumbai | Updated on Our Bureau SEBI has imposed a penalty of ₹25 crore on private sector lender YES Bank in the matter of Additional Tier 1 bonds. It has also imposed a fine of ₹1 crore on Vivek Kanwar, who was the head of the bank’s Private Wealth Management Team, and of ₹50 lakh each on Ashish Nasa and Jasjit Singh Banga, who were part of the team. Noting that more such complaints are being received by SEBI even after initiation of these ...

SEBI fines YES Bank Rs 25 crore for coaxing customers to buy riskier bonds During the process of selling of AT-1 bonds, individual investors were not informed about all the risks involved in subscription of these bonds, SEBI said. BusinessToday.In | April 12, 2021 | Updated 22:38 IST Sebi said the AT-1 bonds were sold to the customers of YES Bank without adopting adequate safeguards to protect their interests. Markets regulator Securities and Exchange Board of India (SEBI) on Monday imposed a ...

AT-1 bonds case: Yes Bank to appeal Rs 25 crore fine by Sebi Top Searches AT-1 bonds case: Yes Bank to appeal Rs 25 crore fine by Sebi PTI / Apr 12, 2021, 23:08 IST FacebookTwitterLinkedinEMail NEW DELHI: Private sector Yes Bank on Monday said it will move the Securities Appellate Tribunal against a Rs 25 crore fine imposed by Sebi for allegedly mis-selling its AT-1 bonds. The announcement came hours after markets regulator Sebi imposed a penalty of Rs 25 crore on the lender in the case. In ...

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2 Min Read (Reuters) - The Abu Dhabi stock market rose 1% on Monday to notch its seventh straight session of gains, as aquaculture firm International Holdings surged over 12% after divesting a unit. FILE PHOTO: A trader looks on near electronic boards showing stock market data at Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020. REUTERS/Hamad I Mohammed Outside the Gulf, Egypt’s blue-chip index finished 1.5% lower, with Commercial International Bank...

Sebis deafening silence had a loud impact: Yields on this variety of bonds sold by State Bank of India and Bank of Baroda surged up to 103 basis points in secondary-market trades.

Sebi, the government and the silent participant in the tussle, the RBI, are mum on how to come out of the stand-off over how to value the perpetual bonds that banks issue to beef up...

Finance Ministry writes to Sebi, requests agency to withdraw perpetual bond rule SECTIONS Share Synopsis The ministrys objection is to the rule that requires debt mutual funds to value perpetual bonds as a 100-year instrument from April 1. Fund managers too had raised concerns over this. The finance ministry "requested" the Securities and Exchange Board of India (Sebi) Friday to withdraw the part of its Wednesday circular that changed the rules followed by mutual funds to value perpetual bonds...