Sebi Imposes Rs 10 Lakh Fine on Anand Rathi for Regulatory Violations

The Securities and Exchange Board of India (Sebi) fined Anand Rathi Share and Stock Brokers Rs 10 lakh for multiple regulatory violations identified during an inspection covering April 2023 to August 2024. Sebi found lapses including delayed reporting of a cyber incident, weak password controls, inadequate data leakage prevention, excessive capacity utilization, and patch management failures. Anand Rathi acknowledged some delays but contested certain findings. The broker must pay the fine within 45 days.