Standard Chartered Bank Resolves FPI Rules Breach with Sebi

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Standard Chartered Bank settles FPI rules violation case with Sebi

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News18•17-03-2026, 20:30

Standard Chartered Bank settles FPI rules violation case with Sebi

•Standard Chartered Bank settled a case with Sebi for violating FPI rules and other regulatory norms.
•The bank paid Rs 57.20 lakh as settlement charges.
•Sebi's show cause notice alleged delays in reporting material changes in beneficial ownership and processing investor grouping changes.
•Standard Chartered Bank also granted exemptions from granular disclosure without ensuring compliance and failed to exercise due diligence.
•The settlement was reached without admission or denial of findings, but Sebi can reopen the case if representations are false.

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