IIFL Securities has been imposed with a Rs 11 lakh penalty by Sebi for breaching stock broker regulations. An inspection in August 2022 uncovered lapses such as faulty fund settlement and inaccurate retention statements.
Sebi has launched the Past Risk and Return Verification Agency (PaRRVA) to combat mis-selling of investment products. This tech-driven system, linking credit rating agencies and
ICICI Prudential Asset Management Company’s ₹10,600 crore IPO will open on December 12, with shares priced between ₹2,061-2,165. The offering is entirely an offer for
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