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With the crisis continuing, Indian mutual funds halved their holdings of debt sold by shadow lenders in the two-year period to June after defaults by some major financiers.
SEBI rebuts claims tighter rules pushed Franklin into freezing 6 debt funds & said asset manager should focus on returning $4.1 billion to investors.
Sebi has also relaxed time-gap required between two board meetings & companies have been given time till 15 May for filing quarterly governance reports.
Indian stock market has been moving in tandem with other global markets due to concerns over the coronavirus pandemic.
Bank’s lending growth was substantially over the average credit growth of the banking industry, with experts saying the board should have been more proactive in flagging it.
At CPR Dialogues 2020, former SEBI chief U.K Sinha said there is a lack of accountability when it came to infrastructure financing institutions.
Former SEBI chairman UK Sinha faced controversy within months of joining the government body. But never deviated from rules.
Now that SEBI has started the clean-up, it must take its broom to the dark crevices. Even the conduct of bigger intermediaries needs closer supervision.
Under fire in the wake of whistleblower complaints on alleged accounting lapses at Infosys, Nandan Nilekani had said company processes were so strong that even God couldn't change the numbers.
A spate of legal challenges mounted by SEBI, ED & CBDT are derailing a 270-day resolution deadline set by the insolvency law.