This article is more than 2 year old.

Sebi in talks with industry on mutual funds norms

Mini

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.

Sebi in talks with industry on mutual funds norms
India's market regulator is in talks with industry to deal with fears of contagion effect on mutual funds due to a liquidity crisis faced by the country's non-banking finance companies (NBFC), its chief said on Friday.
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.
"We are examining, in consultation with the industry, and will gradually take appropriate action," Ajay Tyagi, chairman of SEBI said in response to a question if changes are needed in mutual fund regulations.

Market Movers

CompanyPriceChng%Chng
Bharti Airtel567.90 27.35 5.06
Tata Steel1,365.00 34.35 2.58
SBI Life Insura1,133.40 28.25 2.56
Divis Labs4,890.60 99.20 2.07
IndusInd Bank992.75 16.95 1.74
CompanyPriceChng%Chng
Bharti Airtel567.90 27.45 5.08
Tata Steel1,369.00 38.50 2.89
IndusInd Bank992.30 16.65 1.71
Bajaj Finserv13,985.70 184.50 1.34
ICICI Bank685.30 7.65 1.13
CompanyPriceChng%Chng
Bharti Airtel567.90 27.35 5.06
Tata Steel1,365.00 34.35 2.58
SBI Life Insura1,133.40 28.25 2.56
Divis Labs4,890.60 99.20 2.07
IndusInd Bank992.75 16.95 1.74
CompanyPriceChng%Chng
Bharti Airtel567.90 27.45 5.08
Tata Steel1,369.00 38.50 2.89
IndusInd Bank992.30 16.65 1.71
Bajaj Finserv13,985.70 184.50 1.34
ICICI Bank685.30 7.65 1.13

Currency

CompanyPriceChng%Chng
Dollar-Rupee74.3750-0.0850-0.11
Euro-Rupee87.8850-0.1270-0.14
Pound-Rupee103.1590-0.2000-0.19
Rupee-100 Yen0.6765-0.0017-0.25