IL&FS Crisis: SEBI Imposes Rs 25-Lakh Penalty On CARE,  ICRA And India Ratings
SEBI started a fraud investigation after the IL&FS crisis came to light last year, following defaults by group companies, which together have over Rs 90,000 crore in debt. (Photo: IL&FS Annual Report)

IL&FS Crisis: SEBI Imposes Rs 25-Lakh Penalty On CARE, ICRA And India Ratings

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The market regulator imposed a Rs 25 lakh-penalty on CARE Ratings Ltd., ICRA Ltd.,and India Ratings and Research Private Ltd., for their failure to exercise skill, care and due diligence in rating ...
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