Insider trading: Sebi asks banks to tighten controls; UPSI under watch

Sebi chief Tuhin Kanta Pandey urged listed banks to strengthen internal controls to prevent insider trading, emphasizing their dual responsibility in safeguarding unpublished price-sensitive information (UPSI) related to both the bank and its client companies. He highlighted that weak controls lead to stock market frauds and stressed the moral responsibility of banks' management in complying with insider trading regulations.

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