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SEBI imposes penalty of Rs 1 crore on IndusInd Bank

06 Oct 2022 Evaluate

The Securities and Exchange Board of India (SEBI) has imposed penalty of Rs 1 crore on IndusInd Bank under Section 15HA of the SEBI Act, 1992, for the commission and omission to get its loan repaid earlier sanctioned to CG group company. This penalty pertains to loans disbursed in the year 2017. The Bank is examining to prefer appeal against the said order in due course.

IndusInd Bank is one of the fastest-growing banks in the banking sector in India.

Peers
Company Name CMP
HDFC Bank 692.10
ICICI Bank 1395.00
Axis Bank 1214.05
Kotak Mahindra Bank 430.10
Indusind Bank 835.00
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