Business & Investment

Icici director who quit last week and was fined for insider trading

(This story was originally January 24, 2022)

Mumbai: Independent Director Notified Stock Exchange Rama Villa Pull CarIt acquired 4,900 shares in the bank on January 5, when the insider trading window was closed, saying it had resigned due to a conflict of interest on Friday.The bank added it Villa pull car A fine of 20,000 rupees was imposed.

The bank stated in a letter in exchange for the subject “careless transactions by a designated person” that her independent financial adviser had purchased 4,900 shares. ICICI Deposit a bank in her account without prior notice to her when the trading window is closed.

“The Bank’s Audit Committee has been notified of this case. Based on Bijapurkar’s submission, it concludes that this is a careless transaction made without the intention of violating the bank’s code prohibiting insider trading. Can be attached. Sebi “Rules”.



Bijapurkar submitted his resignation on Friday, stating that her consulting and education role with involvement with other financial institutions seemed to be in conflict with her directors.

On Saturday, ICICI Bank also declared a quarterly profit of Rs 6,194. This is a 25% increase over the same period last year.

Icici director who quit last week and was fined for insider trading

https://economictimes.indiatimes.com/markets/stocks/news/icici-director-who-quit-last-wk-fined-for-insider-trade/articleshow/89083232.cms Icici director who quit last week and was fined for insider trading

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