Sebi chief Tuhin Kanta Pandey emphasized that banks’ management holds a moral responsibility for insider trading compliance, urging stronger internal controls. His remarks follow Sebi’s action against IndusInd Bank’s former CEO and executives for alleged insider trading related to accounting discrepancies. Sebi places responsibility on the board of directors, MDs, and compliance officers to ensure compliance with PIT regulations.
NSE hires 20 merchant bankers, 8 law firms for IPO
The National Stock Exchange of India has appointed 20 merchant bankers and eight law firms for its upcoming initial public offering (IPO). The IPO will