SEBI suggests norms for depositories

The Securities and Exchange Board of India is inclined to designate on depository as a central depository, but also committed to have multiplicity of depositories without letting them mushroom. It has also proposed a minimum net worth requirement of 100 crores to set up a depository.

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SEBI promotes standardised reporting, savings of over Rs. 200 crore over 5 years, 90 percent reduction in reporting requirements for Brokers or Members, lower cost of entry for new fintech.

History comes alive. Watch an interesting discussion of Mr. Pratip Kar, SEBI‘s longest serving Executive Director with Ms. Latha Venkatesh of CNBC. It is a rare insider‘s account of SEBI‘s origin, its initial struggles, its battles against major market scams, lots of untold stories and a candid take on its landmark successes you don‘t want to miss.