To exercise ESOPs, staff of listed cos can pledge shares in trading window closures
Employees exercising stock options can now pledge shares for funds during trading window closures, thanks to a Sebi clarification. This provides regulatory comfort for bona fide transactions, aiding employees who rely on financing to exercise vested options. However, lenders invoking pledged shares will still face contra-trade restrictions.
RBI imposes penalties on YES Bank, Hinduja Housing Finance
The RBI said the bank failed to put in place a system of using KYC Identifier assigned by Central KYC Records Registry for the purpose of establishing an account-based relationship with customers.
Geopolitical tensions drag markets lower, but Nifty ends week in green
Indian equities closed lower Friday, impacted by renewed US-Iran tensions, though the market secured weekly gains thanks to falling oil prices. The Nifty 50 and Sensex saw dips, with investor sentiment cautious due to geopolitical risks and potential impacts on corporate earnings from rising input costs. Sectoral performance was mixed, with banking stocks facing pressure.