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HDFC Bank
BSE: 500180NSE: HDFCBANKISIN: INE040A01034

22nd-Jan-2021 09:05Source: BSE

HDFC Bank - Intimation Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 (''The Regulations') By HDFC Bank Limited ('The Bank')

Pursuant to the Regulations, we hereby inform that the Securities & Exchange Board of India ('SEBI'), vide its Final Order dated January 21, 2021 ('the Order'), has levied a monetary penalty of Rupees One Crore payable by the Bank in terms of Section 15HB of the SEBI Act, in the matter of M/s. BRH Wealth Kreators Limited, for non-compliance with the Interim Order issued by SEBI concerning the said matter.

Further, the Bank has been directed vide the Order to transfer an amount of Rs. 158.68 crore along with interest from October 14, 2019 till date, calculated at the rate of 7% p.a. to an interest bearing Escrow Account in any nationalized bank, by marking a lien in favour of SEBI, until the issue of settlement of clients' securities (clients of the stockbroker) is reconciled.

A copy of the Order is enclosed. The Bank is reviewing the Order for considering future course of action.

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