IDBI Bank Limited has informed the Exchange about Intimation under Regulation 30 of SEBI LODR Regulations, 2015
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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. The penalty arises from a thematic inspection of Debenture Trustees regarding actions taken in cases of default by issuers, covering the period July 31, 2022 to July 31, 2024. SEBI found violations of Debenture Trustee regulations and related circulars. A Show Cause Notice was issued in January 2026, followed by a personal hearing in February 2026. The Adjudication Order was passed on May 27, 2026. The penalty was imposed on the subsidiary, not directly on IDBI Bank.
Nil direct impact on IDBI Bank as the penalty is on the subsidiary ITSL. The amount is relatively small at Rs. 2 lakh. However, it reflects regulatory scrutiny on the bank's subsidiary operations.