 "Just how many self-regulatory organisations (SROs) are too many? Last week, the Reserve Bank of India (RBI) capped the number of such entities for non-banking financial companies (NBFCs) at “a maximum of two”. And to ensure the smaller NBFCs get a fa")
Key financial regulators have similar provisions for the creation of their key governing bodies as well as rules on exit.
There have been calls for the resignation of Securities and Exchange Board of India (Sebi) chief Madhabi Puri Buch amid employee conflict and allegations of impropriety made by Hindenburg Research, which she has denied. The charges came after a Sebi probe into the short-seller’s charges against the Adani group, with accusations the group has refuted.
Sebi is manned by people who are “persons of ability, integrity and standing who have shown capacity in dealing with problems relating
