SEBI issues administrative warning letter over insider trading rules breach

The Company Secretary of the bank has received an administrative warning letter from the Investigations Department of SEBI.

Thu 1 Oct 2026

Regulator Action

administrative warning letter from the Investigations Department of SEBI

Letter Date

30th September, 2026

Letter Received On

01st October, 2026

Violation Period

June 24, 2024 and August 6, 2024

Individuals Involved

three Designated Persons and their immediate relatives (total six individuals)

What was disclosed

The bank's Company Secretary has received an administrative warning letter from the Investigations Department of SEBI. The action taken is the issue of an administrative warning letter, as stated in the disclosure and in Annexure-I.

What the letter relates to

• Violation of SEBI (Prohibition of Insider Trading) Regulations, 2015 by three Designated Persons and their immediate relatives, a total of six individuals
• The trading in the bank's shares happened during the period from June 24, 2024 to August 6, 2024, and beyond wherever deemed necessary
• Annexure-I describes the violation as being by six Designated Persons and their immediate relatives

Timeline

• The letter is dated 30th September, 2026
• It was received by the bank on 01st October, 2026

On money

• The update states SEBI's letter is cautionary in nature and does not impose any financial penalty on the bank
• Annexure-I records that no monetary penalty has been imposed

What the bank says next

• The bank will take necessary steps to address the concern mentioned in the SEBI letter

How a retail investor can read this

• Designated Persons are employees or connected persons who are required to follow specific rules while buying or selling the company's shares, because they may have access to unpublished price-sensitive information.
• The letter concerns trading by these individuals and their immediate relatives. It is a warning letter, which is an administrative communication, and the update records that no monetary penalty has been imposed on the bank.
• The bank has said it will take necessary steps to address the concern raised.

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