 "News digest: Sebi panel on FPIs, IL&FS, fuel hike, Axis Bank CEO, and more")
Sebi panel eases deal for FPIs, allows NRIs to hold 25% in offshore funds
A Securities and Exchange Board of India (Sebi)-appointed experts group on Saturday made a slew of recommendations which are likely to soothe the nerve of foreign portfolio investors (FPIs). The HR Khan-led committee on easing access norms for overseas investors has recommended significant relaxations to the controversial April 10 circular issued by the capital markets regulator.
In an interim report, the committee has proposed allowing non-resident Indians (NRIs) to hold a non-controlling stake in foreign funds. Read more here
RBI
A Securities and Exchange Board of India (Sebi)-appointed experts group on Saturday made a slew of recommendations which are likely to soothe the nerve of foreign portfolio investors (FPIs). The HR Khan-led committee on easing access norms for overseas investors has recommended significant relaxations to the controversial April 10 circular issued by the capital markets regulator.
In an interim report, the committee has proposed allowing non-resident Indians (NRIs) to hold a non-controlling stake in foreign funds. Read more here
RBI
