Sebi believes it exists for capital formation of Indian economy: Madhabi Puri Buch

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.

“Nobody wants to winterize a house that can collapse. Regulations can’t always be the same in this fast-paced world. The industry will have to keep pace with Sebi regulations,” Buch added.

On the price of IPOs for new companies, she said the market regulator has no say.

“We must demonstrate the spirit of partnership between Sebi and companies. Every action at Sebi depends on data and will be taken after the recommendations of the advisory board,” said the president.
Sebi believes it exists for capital formation of Indian economy: Madhabi Puri Buch
Meanwhile, Ashish Chauhan, MD and CEO of National Stock Exchange (NSE), said he would follow through, implement Sebi’s program and work to create a vibrant bond market.

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


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