CitiCorp Investment Bank (Singapore) Ltd settled a case with Sebi regarding the issuance of offshore derivative instruments to Symmetry Master Fund Ltd without fulfilling KYC norms, paying Rs 36 lakh. The settlement followed CitiCorp’s application, where they did not admit or deny the violations. Sebi acknowledged the settlement, concluding any further proceedings. The case highlighted delays in onboarding KYC checks, completed on January 10, 2024, and a 69-day delay in depositing a regulatory fee. Additionally, BCL Industries and its promoter settled a separate case for failing to disclose a promoter group entity, paying Rs 14.30 lakh and Rs 28.6 lakh, respectively.