Axis Bank Ltd.

Axis Bank has settled a case related to alleged violation of debenture trustee norms with SEBI, after paying Rs 2.43 crore towards settlement charges. According to the private sector lender's website, Axis Bank is a SEBI-registered debenture trustee.

The adjudication proceedings against Axis Bank were initiated after the regulator sent a show cause notice in June 2018 on observing violations of debenture trustee regulations.

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.