Market regulator Securities and Exchange Board of India (SEBI) has imposed a total penalty of Rs1 crore on four individuals and an entity while barring them from the market for one year in a case of alleged insider trading activities in the shares of PC Jeweller.
The individuals and...
The Reserve Bank of India (RBI) has amended its master directions on know-your-customer (KYC) norms to further leverage the video-based customer identification process (V-CIP), while simplifying the process of periodic updation for bank customers.
This follows from RBI's...
Amidst instances of misuse of client collateral by trading members, market regulator Securities and Exchange Board of India (SEBI) has issued a new proposed framework for segregation and monitoring of collateral at client level. The proposal comes in the wake of the Karvy Stock Broking crisis...
Cutting down the penalty recommended by its Adjudicative Officer by Rs 70 lakh, Insurance Regulatory and Development Authority of India (IRDAI) has penalised SBI General Insurance Company Ltd Rs 30 lakh for repeatedly violating Insurance Act and the regulations.
The charge against...
Market regulator the Securities and Exchange Board of India (SEBI) has barred six entities from the markets for two years for indulging in manipulative trading in the shares of Biocon Ltd in the cash market.
Additionally, SEBI has imposed a penalty of Rs10 lakh each on Gangwal Sunil...
