SEBI imposes Rs 5 lakh penalty on Axis Bank for violating merchant banking norms - Moneycontrol

The regulator conducted an examination of debt market operations of Axis Bank between August 2016 to August 2019 and found the bank to be in violation of provisions of Regulation 27 of SEBI (Merchant Bankers) Regulations, 1992.

The Securities and Exchange Board of India (SEBI) on March 24 imposed a Rs 5-lakh fine on Axis Bank for violating merchant banking norms, the markets regulator said in an order. SEBI said it conduct… [+2636 chars]

full article...