Sebi asks HDFC Bank to probe WhatsApp earnings leak

Sebi said the source of the leakage under the Prohibition of Insider Trading Rules cannot be ascertained

The Securities and Exchange Board of India (Sebi) on Friday directed HDFC Bank to probe the alleged leak of its June 2017 quarterly earnings on WhatsApp. 

The order comes two months after the market regulator passed a similar advisory for Axis Bank. Both cases involved the leak of price-sensitive information over social media groups. 

HDFC Bank has been directed to conduct an internal enquiry into the leak and submit its findings within three months. In the five-page order, Sebi also asked the retail lender to identify employees who were responsible for the leak. It asked HDFC Bank to “strengthen its processes, systems,