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Nippon Life asset manager to pay 96 crore in Yes Bank SEBI settlement amid alleged missteps
Business
Published on 24 April 2026
Customer money was allegedly steered into high risk Yes Bank bonds
Nippon Life India Asset Management is set to pay more than 96 crore rupees to settle SEBI charges tied to alleged investments of customer funds into high-risk Yes Bank bonds. The move is said to have contributed to large investor losses after Yes Bank was declared insolvent. The settlement includes funds expected to be returned to affected investors, with allegations of external influence in the decisions.
- Nippon Life India Asset Management faces a 96 crore-plus SEBI settlement
- Allegations center on investing customer funds in high-risk Yes Bank bonds
- Investor losses followed after Yes Bank’s insolvency
- A portion of the settlement is expected to be returned to investors
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times