ICICI Bank settles case with SEBI for ₹28.4 lakh
January 29, 2021
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Private sector lender ICICI Bank has settled a case with SEBI relating to the alleged failure against victimisation of the whistle-blower, after paying ₹28.4 lakh as settlement charges. High Powered Advisory Committee in its meeting held on December 30, 2020, considered the revised settlement terms proposed and recommended the case for settlement upon payment of ₹28,40,625 towards settlement charges, SEBI said in its settlement order. .in view of the acceptance of the settlement terms and receipt of settlement charges as
mentioned above by SEBI, the instant adjudication proceedings initiated against the applicant vide
ICICI Bank settles case with Sebi; pays Rs 28.40 lakh
Sebi agreed to settle the case pertaining to alleged violation of LODR (Listing Obligations and Disclosure Requirements) norms
PTI | January 29, 2021 | Updated 21:49 IST
Securities and Exchange Board of India (Sebi)
Private sector lender ICICI Bank on Friday settled with markets regulator Sebi a case pertaining to alleged failure against victimisation of the whistle-blower, after paying Rs 28.40 lakh towards settlement charges.
Sebi agreed to settle the case pertaining to alleged violation of LODR (Listing Obligations and Disclosure Requirements) norms, after it was approached by the bank with a plea under the settlement regulations without admitting or denying the findings of fact and conclusion of law .