SEBI asks HDFC Bank to strengthen internal systems

The Securities and Exchange Board of India has asked HDFC BankBSE 1.34 % to strengthen its internal processes and systems after the regulator noticed leakage of price sensitive information relating to financial results on WhatsApp groups before it was officially announced on stock exchanges. The regulator on Friday asked the country's largest private sector lender in terms of market capitalisation, to conduct an internal inquiry on all the persons involved in the preparation of board notes and presentations, who had access to information, were involved in consolidation of the figures and dissemination of information relating to financial results in the public domain.

Sebi has also sought inquiry on all the members of committees involved in generation of the original data for the purpose of determinsation of key figures pertaining to financial figures including Gross non performing assets (GNPA).

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