May 26, 2009
PR No. 171/2009
Order in the matter of the United Western Bank Ltd.
(since amalgamated with IDBI Bank Ltd.)
Shri M. S. Sahoo, Whole Time Member, SEBI, has passed an order dated May 25, 2009, in the matter of The United Western Bank Ltd. (since amalgamated with IDBI Bank Ltd.) advising the IDBI Bank Ltd. to be careful and cautious in the conduct of its business as a banker to an issue and adhere to and comply with all relevant statutory provisions while carrying on intermediation activities in the securities markets.
Mumbai
May 26, 2009
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