Mainak resigns as CARE Ratings chief after Sebi asks for his removal

Mainak resigns as CARE Ratings chief after Sebi asks for his removal 1

S B Mainak has resigned as chairman of CARE Ratings, the corporate stated in a inventory trade notification after the market regulator reportedly requested for his removal. The Securities and Exchange Board of India (Sebi) nudged the score company after a forensic report stated Mainak had requested his employees to […]

SBI Cards IPO gets in-principal approval from SEBI; launch likely in February

SBI Cards IPO gets in-principal approval from SEBI; launch likely in February 2

Market regulator Securities and Exchange Board of India (SEBI) has reportedly granted its in-principal approval to SBI Cards and Payment Service for floating its preliminary public providing (IPO). SBI Cards is likely to launch its IPO in February. The bank card arm of State Bank of India (SBI) is predicted to lift Rs 6,000 crore […]

FPIs set to seek clarity from RBI, Sebi on debt default resolution

FPIs set to seek clarity from RBI, Sebi on debt default resolution 3

Foreign portfolio buyers (FPIs) are doubtless to seek clarity from the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (Sebi) on the recourse out there to them in case of defaults of their company debt portfolio. This comes after the central financial institution hiked the short-term funding restrict for […]

Ex-director of Yes Bank seeks SEBI probe into insider-trading

Ex-director of Yes Bank seeks SEBI probe into insider-trading 4

PMC fraud | RBI affidavit particulars the way it was ‘cheated’ by scam-hit Bank Former head of the audit committee of the Yes Bank board Uttam Prakash Agarwal has filed a criticism with the Securities and Exchange Board of India (SEBI) looking for a probe into “the illegal gains made by a certain set of […]

SEBI introduces stewardship code for all mutual funds, AIFs

SEBI introduces stewardship code for all mutual funds, AIFs 5

Markets regulator SEBI on Tuesday put in place a compulsory “stewardship code” for mutual funds and all classes of different funding funds (AIFs) with regard to their funding in listed equities. Stewardship code is a principles-based framework that assists institutional buyers in fulfilling their duties to assist them defend and improve the worth of their […]

Karvy Stock Broking scandal: Sebi unlikely to provide relief to lenders

Karvy Stock Broking scandal: Sebi unlikely to provide relief to lenders 6

The Securities and Exchange Board of India (Sebi) is unlikely to provide any relief to the 4 embattled monetary establishments that had lent to Karvy Stock Broking, which, in flip, had positioned shopper securities as collateral. Following the instructions of the Securities Appellate Tribunal (SAT), Sebi final week gave a listening to to HDFC […]

Top headlines: Sebi tightens default disclosure norms, India’s sops, & more

Top headlines: Sebi tightens default disclosure norms, India's sops, & more 14

Sebi tightens mortgage default disclosure norms for listed firms Markets regulator Sebi on Wednesday authorised stricter disclosure norms for listed firms on mortgage defaults and revised its rules for portfolio managers in addition to for rights challenge of shares. It additionally prolonged the Business Responsibility Report requirement to prime 1,000 firms, from […]

Sebi mulls direct plans for AIFs, PMS to help investors save on expenses

Sebi mulls direct plans for AIFs, PMS to help investors save on expenses 15

The Securities and Exchange Board of India (Sebi) is toying with the thought of introducing direct plans for various funding funds (AIFs) and portfolio administration schemes (PMS), three folks conversant in the matter mentioned. The transfer may help investors save on expenses and not directly profit household workplaces and impartial […]

Reliance Petroleum case: RIL begins arguments against Sebi order at SAT

Reliance Petroleum case: RIL begins arguments against Sebi order at SAT 17

Reliance Industries on Wednesday started its arguments against a 2017 Sebi order barring it from the fairness by-product market within the Securities Appellate Tribunal, claiming it had performed no flawed within the case. The Sebi had barred the corporate and 12 of its promoter group entities from dealing in fairness derivatives. The […]

Sebi to soon permit settling of options in goods, simplify trading

Sebi to soon permit settling of options in goods, simplify trading 18

Commodity market regulator, the Securities and Exchange Board of India, will soon permit settling options on the premise of the underlying commodity. Under the present system, options devolve into futures first, after which futures are settled. The new rule was introduced by Nagendraa Parakh, Executive Director, Sebi, at India Commodities Day, an […]

Ask Almighty or Nilekani: Sebi chief on God can’t change numbers remark

Ask Almighty or Nilekani: Sebi chief on God can't change numbers remark 19

Sebi chief Ajay Tyagi on Friday mentioned a probe is on into the Infosys matter and quipped one must ask both Nandan Nilekani or God on the IT main chairman’s assertion that even God can’t change the corporate’s numbers. Under fireplace within the wake of whistleblower complaints about alleged accounting […]

Offshore derivatives: Sebi eases guidelines for hedging instruments

Offshore derivatives: Sebi eases guidelines for hedging instruments 20

The Securities and Exchange Board of India (Sebi) on Tuesday issued working guidelines for abroad traders, largely according to the suggestions within the HR Khan Committee report. The regulator has eased circumstances for hedging offshore spinoff instruments (ODIs), permitting international portfolio traders (FPIs) to challenge these instruments with derivatives as […]

Sebi in talks with RBI-regulated NPCI over glitch in payments

Sebi in talks with RBI-regulated NPCI over glitch in payments 21

The Securities and Exchange Board of India (Sebi) has come throughout lacunae in its newly launched cost mechanism for retail buyers making use of in public points and it’s in talks with the Reserve Bank of India (RBI)-regulated National Payment Corporation (NPCI), looking for to resolve the matter. According to […]

Bourses should refrain from using their oligopolistic position: Sebi chief

Bourses should refrain from using their oligopolistic position: Sebi chief 22

The fairness bourses should refrain from using their “oligopolistic” place and never cost “exorbitant and unreasonable” charges from buyers, Sebi chairman Ajay Tyagi mentioned on Tuesday. Exchanges are the primary line of regulation and so they should be sure that their conduct on elements like governance is “above board”, he […]

SEBI tightens bad loan disclosure norms for listed banks

SEBI tightens bad loan disclosure norms for listed banks 23

In latest months, there have been a number of cases of under-reporting of bad loans by lenders, prompting regulatory motion by the RBI  PTI        Last Updated: October 31, 2019  | 19:03 IST Putting in place a stricter framework, Sebi on Thursday directed all listed banks to reveal any divergence in bad loan provisioning inside 24 hours of […]