HDFC Bank stock slips over 2 pc after Sebi imposes Rs 1 cr fine

On the BSE, shares of the private lender ended at Rs 1,443.65 apiece, falling 2.05 per cent over the previous close. Intra-day, it had hit a low of Rs 1,440.7. 

Similarly, on the NSE, the stock closed the counter at Rs 1,444.35, down 2.06 per cent. 

During the trading session, it had hit a low of Rs 1,440.15. 

In an order on Thursday, Sebi noted that the instant proceedings have essentially arisen on account of non-conformity by HDFC Bank with the directions contained in the interim order issued by Sebi against BRH Wealth Kreators and other entities on October 7, 2019. 

In addition, the bank has been directed to transfer Rs 158.68 crore along with 7 per cent interest per annum into an escrow account till the issue of settlement of clients' securities is reconciled.