SBI-SG Global pays Rs 29.25 lakh, settles FPI violation case with Sebi

Q: How long will it take to read this news story?

The story "SBI-SG Global pays Rs 29.25 lakh, settles FPI violation case with Sebi" has 473 words across 20 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "SBI-SG Global pays Rs 29.25 lakh, settles FPI violation case with Sebi" was covered 18 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 170 news stories per day. It's most recent story was published 3 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #24695929</li><li>URL: https://beamstart.com/news/sbi-sg-global-pays-rs-17353168436255</li></ul>

Business Standard Logo Business Standard 18h ago

SBI-SG Global pays Rs 29.25 lakh, settles FPI violation case with Sebi - Business Standard

Quick Summary:

SBI-SG Global Securities Services on Friday settled a case related to an alleged violation of FPI (foreign portfolio investors) rules and other regulatory norms with Sebi by paying Rs 29.25 lakh towards settlement charges.

The order came after SBI-SG Global Securities Services submitted a settlement application, requesting for settlement of the adjudication proceedings under the Sebi's settlement regulations.

SBI-SG Global Securities Services Pvt Ltd (applicant) is a Sebi-registered designated depository participant (DDP).