Tuesday, 25 August 2026 · World
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EUROS The World Financial Report
Nº 45 Tuesday, 25 August 2026 · World Edition
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Sebi drops Rs 3,912 crore probe against Max Financial, Axis Bank over disclosure lapses

Markets-Economic Times · 1h ago · 🇮🇳 India
Sebi drops Rs 3,912 crore probe against Max Financial, Axis Bank over disclosure lapses

Sebi has dropped proceedings against Max Financial and its associates. Allegations of disclosure lapses and a fraudulent scheme were not proven. The market regulator cleared Max Financial founder Analjit Singh and executives. Sebi investigated transactions between Max Financial, Max Life, and Axis entities. The regulator found no evidence of a fraudulent scheme benefiting Axis.

Read the full story at Markets-Economic Times →