Sebi in talks with industry on mutual funds norms
Updated : December 07, 2018 12:09 PM IST
The crunch hit India's shadow banks in September and October after Infrastructure Leasing and Financial Services (IL&FS) defaulted on a series of debt obligations spreading panic among other NBFCs.
Securities and Exchange Board of India (SEBI) has been scanning India's mutual funds' investments in the shadow banking sector since then.
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