Key facts
- SEBI has warned ICICI Bank regarding premature FPI fund repatriation.
- The warning was issued despite ICICI Bank reporting robust earnings.
- ICICI Bank also reported improved asset quality.
The Securities and Exchange Board of India (SEBI) has issued a warning to ICICI Bank. The regulator flagged concerns over the premature repatriation of funds by foreign portfolio investors (FPIs). This regulatory action comes at a time when ICICI Bank has announced strong financial results, including robust earnings and an improvement in its asset quality. The specific details of the premature repatriation and the extent of the bank's involvement or oversight are not elaborated upon in the provided text, but the warning from SEBI indicates a compliance issue that needs to be addressed.