The committee, which consisted of brokers, asset managers, custodians and leading banks, submitted its recommendations to Sebi late last month and the market regulator will soon take up the issue, people cited above added.

Synopsis

Two top industry executives aware of the recommendations of the panel appointed by the Securities and Exchange Board of India (Sebi) told ET that the committee doesn’t favour a merger that was earlier proposed by the government as part of its broader commercial objective to ease business curbs and make India even more investor-friendly.

Mumbai: A regulatory panel has recommended that the investment routes maintained for NRIs and foreign portfolio investors (FPIs) be kept separate as they now are, although the Centre was in favour of a merger to help achieve the ease-of-doing-business objective. Two top industry executives aware of the recommendations of the panel appointed by the Securities and Exchange Board of India (Sebi) told ET that the committee doesn’t favour a merger

BY

ET Bureau

3 mins read, Last Updated:

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