Attached herewith intimation under Regulation 30 of the SEBI LODR Regulations, 2015. Kindly Acknowledge.
IDBI · price
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SEBI has imposed a monetary penalty of Rs. 2 lakh on IDBI Trusteeship Services Limited (ITSL), a subsidiary of IDBI Bank Ltd. The penalty arises from a thematic inspection of Debenture Trustees regarding actions taken in cases of default by issuers, covering the period from July 31, 2022 to July 31, 2024. A Show Cause Notice was issued on January 5, 2026, followed by a personal hearing on February 20, 2026. The Adjudication Order was passed on May 27, 2026. The violations relate to regulations under SEBI (Debenture Trustees) Regulations and various SEBI circulars concerning default handling procedures.
The penalty is on the subsidiary (ITSL), not the parent bank directly, and the stated financial impact on IDBI Bank is nil. However, this regulatory action may carry reputational implications for the IDBI Group.