New Delhi: The Securities and Exchange Board of India (SEBI) has issued a settlement order to Utkarsh Small Finance Bank upon the payment of Rs 1.24 crore by the lender. SEBI had issued a show-cause notice dated March 16, 2023, to Utkarsh Small Finance Bank whereby the markets regulator had alleged violations of certain provisions of the Listing Obligations and Disclosure Requirements (LODR) Regulations. Subsequently, the bank filed a settlement application in this regard. The bank’s settlement application and the SCN were disposed of by SEBI pursuant to the present settlement order. “Therefore, in view of the acceptance of the settlement terms and the receipt of the settlement amount as ab
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