The country’s largest private lender said that the administrative warning will have no financial or operational impact on its activities and it will take necessary steps to address SEBI’s observations.

SEBI issues warning letter to HDFC Bank for norm violations in merchant banking activities, impacting stock prices.

This is in relation to observations made during the course of its periodic inspection of investment banking activities undertaken by the bank, thereby alleging non-compliances with certain provisions of Sebi,

HDFC Bank's shares dipped slightly after a warning from Sebi regarding non-compliance observed during inspection of its investment banking activities. The bank assured to address the concerns. Despite this,

HDFC Bank said that it will take necessary steps to address the concerns and directives mentioned in the letter. The bank confirmed that the warning letter does not have any quantifiable impact on its financial or operational activities.

HDFC Bank on Thursday informed stock exchanges that market regulator SEBI has issued an administrative warning letter to the bank, alleging non-compliance with some rules.