Sebi Takes Action Against HDFC Bank

Capital markets regulator, the Securities and Exchange Board of India (Sebi), has issued an administrative warning letter to HDFC Bank for failing to comply with regulatory guidelines. This action follows a periodic inspection of the bank's custody activities.

Addressing the Non-Compliance

HDFC Bank has acknowledged the receipt of the warning letter and stated its commitment to rectifying the identified lapses. This incident marks the second time in recent months that the bank has been cautioned by Sebi, with a previous warning issued in December 2024 related to merchant banking activities.

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