Find people responsible for leaking earnings on WhatsApp: Sebi to HDFC Bank

Sebi said inadequate controls at HDFC Bank are the prima facie reason for leakage of financial results

Sebi today asked HDFC Bank to identify individuals, including bank officials responsible for leakage of its financial results, as the markets regulator has found inadequate controls at the lender as 'prima facie' reason for the leak.

In the high-profile leakage case where sensitive financial details of various companies, including HDFC Bank, got leaked on WhatsApp before their formal announcement, Sebi virtually censured the top private sector lender and asked it to strengthen the systems and controls to check any such leak in future.

In an order, the Securities and Exchange Board of India (Sebi) said it can prima facie be inferred that