Sebi bars Axis Capital
Business Standard · 1d
Sebi order on Axis Capital: Axis Bank says complied with regulatory norms
“Sebi has not passed any adverse direction or order against Axis Bank Limited. Axis Bank is of the view that there is no material impact on the bank on account of the interim order against ACL, since ACL’s profit after tax (PAT) for FY24 was approximately 0.70 per cent of Axis Bank’s consolidated profit after tax,” the bank noted.
Indiatimes · 2d
Sebi bars Axis Capital from debt merchant banking activities until further orders
The regulator imposed this restriction as a temporary measure after discovering that Axis Capital had essentially guaranteed the redemption of NCDs under the pretence of underwriting, a practice that is not permitted.
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