Sebi on weekday ordered Axis Bank to strengthen its systems and conduct an interior probe to mend responsibility within the Whatsapp leak case
Axis Bank on weekday same it'll work with market regulator Sebi with relation to escape of unpublished value sensitive data and take applicable action.
In its initial order within the WhatsApp leak case, regulator Sebi on weekday ordered Axis Bank to strengthen its systems and conduct an interior probe to mend responsibility because the initial investigation showed the escape owing to "inadequacy" of processes at the bank.
Axis Bank has got to complete the inquiry among 3 months and file a report back to Sebi among seven days thenceforth, the regulator same, once it found that the company's results for the April-June 2017 quarter were "either identical or matched closely with the figures" that were in circulation on WhatsApp before a political candidate announcement.
The bank has been operating closely with Securities and Exchange Board of Bharat (Sebi) throughout the course of exam conducted within the matter on escape of unpublished value sensitive data (UPSI) of listed corporations, together with that of the bank, Axis Bank same in an exceedingly late evening statement.
"The bank can work with Sebi and also the best specialists within the field to analyze the matter and can take action as appropriate" same Axis Bank executive Rajesh Dahiya.
The bank adheres to highest norms of governance and reiterates its commitment to adequacy of processes, systems and controls, notably to stop unauthorised access to UPSI, it added.
Sebi began a search last month once a media report surfaced with relevance circulation of UPSI in varied personal WhatsApp teams concerning bound corporations, together with Axis Bank, prior to their official announcements.
Axis Bank on weekday same it'll work with market regulator Sebi with relation to escape of unpublished value sensitive data and take applicable action.
In its initial order within the WhatsApp leak case, regulator Sebi on weekday ordered Axis Bank to strengthen its systems and conduct an interior probe to mend responsibility because the initial investigation showed the escape owing to "inadequacy" of processes at the bank.
Axis Bank has got to complete the inquiry among 3 months and file a report back to Sebi among seven days thenceforth, the regulator same, once it found that the company's results for the April-June 2017 quarter were "either identical or matched closely with the figures" that were in circulation on WhatsApp before a political candidate announcement.
The bank has been operating closely with Securities and Exchange Board of Bharat (Sebi) throughout the course of exam conducted within the matter on escape of unpublished value sensitive data (UPSI) of listed corporations, together with that of the bank, Axis Bank same in an exceedingly late evening statement.
"The bank can work with Sebi and also the best specialists within the field to analyze the matter and can take action as appropriate" same Axis Bank executive Rajesh Dahiya.
The bank adheres to highest norms of governance and reiterates its commitment to adequacy of processes, systems and controls, notably to stop unauthorised access to UPSI, it added.
Sebi began a search last month once a media report surfaced with relevance circulation of UPSI in varied personal WhatsApp teams concerning bound corporations, together with Axis Bank, prior to their official announcements.
ReplyDeleteCSPT fails to agree Q3 copper concentrate TCs floor price stock market tips