New Delhi, Oct 6 (PTI) Fino Payments Bank on Monday settled a case pertaining to failure to make timely and complete disclosure regarding frauds perpetrated by its employees with markets regulator Sebi after paying Rs 5.88 lakh.

The order came after the bank filed a settlement application with the Securities and Exchange Board of India (Sebi) proposing to settle the alleged violations "without admission or denial of findings of fact and conclusions of law", through a settlement order.

The applicant remitted the settlement amount and accordingly, "the instant adjudication proceedings initiated against Fino Payments Bank Ltd vide SCN (show cause notice) dated October 8, 2024, are hereby disposed of," Sebi said in its order.

In its show cause notice, Sebi alleged that Fino Payments Bank fa

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