hdfc bank: HDFC Bank penalises executive for selling shares in 'inadvertent trade'
MUMBAI: The countrys largest lender HDFC Bank on Saturday said it has imposed a penalty of Rs 10.20 lakh on its senior executive Jimmy Tata for selling his shares in violation of insider trading regulations. Tata, the chief credit officer, sold 1,400 shares of the bank held by him in what the lender termed as an "inadvertent trade". "The Audit Committee has concluded that this was an inadvertent trade made without intent to violate the Banks Share Dealing Code (Banks Code) or the SEBI (Prohibi...
Jimmy Tata Bank On Investor Protection Education Fund Bank Share Dealing Code Audit Committee Bank Code
Source: indiatimes.com