Axis Bank has been asked by Securities and Exchange Board of India (SEBI) to conduct an internal inquiry into the source of alleged leakage of unpublished price sensitive information relating to its financial results and to strengthen its systems.
The bank has been working closely with SEBI during the course of preliminary examination conducted in the matter on leakage of UPSI of listed companies, including that of the bank.
Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.
