Volatility has been the key theme for stock markets since the lockdown began, with indices seeing massive swings both ways. Industry body CII on Monday made some recommendations to the RBI as well as market regulator SEBI with regards to certain relaxations for capital market transactions.
These recommendations pertain to relaxations for capital market transactions, pricing norms for open offers and enabling greater capital flow to address stress in banks and NBFCs.
RBI governor Shaktikanta Das on Monday met representatives of NBFCs and mutual funds through a video conference and discussed the availability of liquidity from banks and other financial institutions. The governor also discussed post lockdown strategies for the supply of credit to MSMEs and traders.
Shereen Bhan spoke to Nilesh Shah, MD at Kotak Mahindra AMC and chairman of CII National Committee on financial markets, B Prasanna, Group head - global markets, at ICICI Bank and S Sriniwasan MD at Kotak Investment Advisors to discuss about CII recommendations to the regulatory bodies.