The Chairman of the Securities and Exchange Board of India (Sebi), Madhabi Puri Buch, said on Tuesday that the capital regulator believes there is for capital formation of the Indian economy. She added that nation building is done by businesses and corporations.
“The industry will have to keep pace with SEBI regulations,” she told FICCI India’s Capital Markets Annual Conference (CAPAM) 2022.
She added that she fully appreciates the opportunities India has and the answer to what the country can do is in technology.
In capital markets, Buch said they need trust and the only important tool for Sebi is transparency.
On the price of IPOs for new companies, she said the market regulator has no say.
Nehal Vora, Central Depository Services (CDSL) said that the total number of dematerialization accounts has reached 10 crore and counting and India has overtaken UK to be the 5th largest economy.
“India is on the cusp of a digital revolution,” Vohra said.
(Edited by : Anshul)
First post: STI