Bid deadline for verification job extended

Sebi has extended the deadline by one month for submission of bids by public sector banks and KYC Registration Agencies (KRAs) to conduct “in-person verification” of about 30 million investors in the high-profile Sahara case to ascertain their genuineness.

Sebi had floated a tender in this regard on November 2 and had earlier asked public sector banks and KRAs to submit their applications by November 22.