Mumbai: The Securities and Exchange Board of India prohibits the Tayal family, promoters of the Bank of Rajasthan, of all activities of the market. The administration says the former regime, is SEBI by one, and this is at the request of one party only, and in the interim.
Praveen Kumar Tayal, promoter of the Bank of Rajasthan, said: “At the moment, we, and promoters, and have a share of 28%.”
With regard to the SEBI order Tayal said: “We have to check what is due to misunderstanding, misunderstandings and clear. The former regime is by and order, we will have to see this system and then respond to them.”
While he was talking about the review of the loans, said Praveen Kumar Tayal “inspections can be done by any agency and the Bank of Rajasthan is totally transparent. And loans fully transparent, and we have the imposition of sanctions, and accept, which had two RBI candidates.”
Highlights
SEBI prohibited 100 relevant entities of the Bank of Rajasthan
Several countries banned members of the family Tayal
Tayal family is the promoter of the Bank
SEBI banned the promoters of the Bank of all activities of the stock market
SEBI acted on a signal from the Reserve Bank of
SEBI conducted an investigation in the pattern of contributing to the Port since 2007
The investigation revealed entities acting in collusion with Tayals to corner shares
Bank showed promoter holding has fallen from 44.2% to 28.6%
SEBI investigation Tayal de facto control of 55% in the bank
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