HDFC Bank penalises employee for wrongful share trading - The Hindu BusinessLine
HDFC Bank penalises employee for wrongful share trading January 17, 2021 × In a rare instance where any listed company has penalised its own senior executive for ‘wrongful’ share market trading, HDFC Bank has imposed a penalty of ₹10.2 lakh against its senior executive Jimmy Tata, the chief credit officer of the bank, for selling shares in violation of insider trading violations. The bank has directed the officer to deposit the fine with SEBI’s investor protection fund. Experts are of the view that still this does not stop SEBI from taking action against the executive. Tata, who was...
Source: thehindubusinessline.com