JPMorgan settles Sebi case, pays Rs 34 lakh

Regulatory compliance is paramount for the banking sector. Penalties for non-compliance, even if small for a large entity, underscore SEBI's vigilance and the risks associated with regulatory breaches.

• •JP Morgan Chase Bank agreed to pay 34 lakh rupees to Sebi.
• •Violations related to foreign portfolio investor laws.
• •Missteps include issuing FPI licenses to firms lacking proper UK registration.
• •Did not accurately verify the status of certain entities.
• •Significant delays in merger reporting.