Financial figures pertaining to Axis Bank results were either identical or matched closely with the figures that were circulating on WhatsApp. Photo: BloombergMumbai: The Securities and Exchange Board of India (Sebi) on Wednesday passed directions against Axis Bank Ltd and asked it to conduct an internal inquiry into the suspected leak of its June quarter financial results. Sebi, which is carrying out a probe of suspected leaks, held that prima facie (based on first impression) it seems that inside information had been leaked in the case of Axis Bank. Axis Bank in an emailed statement said that it has working closely with SebI during the course of preliminary examination. “The Bank adheres to highest norms of governance and reiterates its commitment to adequacy of processes, systems and controls, particularly to prevent unauthorized access to UPSI,” said Rajesh Dahiya, executive director (corporate centre) at Axis Bank.

Source: Mint December 27, 2017 18:55 UTC