Business Daily from THE HINDU group of publications
Friday, Nov 24, 2006
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Markets - Financial Services
Money & Banking - Private Banks
Get Latest BSE Quote
SEBI allows HDFC Bank to open DP a/cs

Our Bureau

Mumbai , Nov. 23

Security and Exchange Board of India has lifted the ban on HDFC Bank, a depository participant, allowing it to open fresh demat accounts. SEBI had prohibited the bank to issue further demat accounts, as it had failed to adhere to the `know your client' norms.

HDFC Bank had facilitated opening of demat accounts in fictitious-benami names to corner the retail portion of shares in Initial Public Offerings, going by SEBI findings .

In its order, SEBI has said that all issues and contentions will be left open to be considered by the Enquiry Officer appointed by it and will be decided in subsequent proceedings.

More Stories on : Financial Services | Private Banks | HDFC Bank Ltd | Regulatory Bodies & Rulings

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Oriental Bank ties up with IL&FS Investsmart for online trading


BL Club lecture today
SEBI allows HDFC Bank to open DP a/cs
SEBI to announce norms for MF distributors
SBI launches online trading
LIC Mutual launches India Vision fund
Method used to take control of Corus may change
Order cancellation hits Hind Const
Expansion buzz propels Dhanuka
Bear domination
FIIs' investment in Yes Bank
`Regional bourses must kick-start consolidation process'
Delisting cos must pay fair exit value: SEBI
Markets fail to sustain momentum
XL Telecom plans to enter capital market
Bharat Earth Movers targets Rs 400 cr thru public issue
Cairn raises Rs 3,700 cr ahead of IPO floatation
Firstsource files for IPO to sell 9.56-cr shares
Cabinet approves IPOs of three power PSUs


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line