Why did SEBI fine ICCL ₹5.05 Crore? Explained

The Securities and Exchange Board of India (SEBI) has imposed a hefty ₹5.05 crore fine on the Indian Clearing Corporation Ltd (ICCL) due to critical cybersecurity lapses. This enforcement action stems from deficiencies identified during network audits, emphasizing the necessity for financial institutions to maintain stringent cybersecurity frameworks. The regulatory action underscores SEBI’s firm stance […]