Legal Articles Restrictions on redemption of Indian depository receipts by sebi and its effects December 4, 2011 / March 17, 2016 by Suman Meena | Leave a Comment By : Suman meena Introduction of IDR’s in India: Standard Chartered Bank SCB opened its first branch anywhere in the world in Kolkata 152 years ago, in 1858. The first three branches were in Kolkata, Mumbai and Shanghai. India is the second largest contributor in terms of net profits for the bank and marginally behind […] Read more » INDIAN DEPOSITORY RECEIPTS BY SEBI Introduction of IDR’s in India Restrictions by SEBI Restrictions by SEBI on Redemption of IDR’s RESTRICTIONS ON REDEMPTION SEBI action of restrictions on redemption of IDR’s Standard Chartered Bank