IDFC FIRST Bank will get Rs 35 crore from its employee dishonesty insurance. This follows a Rs 590 crore fraud at its Chandigarh branch. The bank's management confirmed this to investors. The fraud impacted the bank's stock, causing a significant drop. The bank has suspended officials and launched a forensic probe.
Sebi chief Tuhin Kanta Pandey said the regulator plans a comprehensive overhaul of PMS rules to improve suitability, governance, and conduct, while also examining industry representations on the RBIs new capital-market funding framework. He added that Sebi is also working on oversight for to-be-listed stocks.
Gambling firms not licensed in the UK could be banned from sponsoring British sports teams - including Premier League clubs - as part of a government crackdown.
Gambling firms not licensed in the UK could be banned from sponsoring British sports teams - including Premier League clubs - as part of a government crackdown.
