SEBI has served an administrative warning letter to IIFL Capital Services after an inspection of debt issues managed by its Merchant Banking business between April 2022 and April 2024. The company received the warning on March 10, 2025. This move reflects SEBI's emphasis on compliance and regulatory compliance in the financial market. IIFL Securities, a group entity, was recently penalized ₹11 lakh for non-compliance with stock broker norms. The warning is a reminder that stringent regulatory requirements must be maintained.
Source: NSE, BSE, and Company Filings