Watch accompanying videos of the 10th Mint Annual Banking Conclave 2017, wherein eminent panellists Dr. D Subbarao, Former Governor of Reserve Bank of India and CB Bhave, Former Chairman of Sebi are discussing about slowdown in the economy after demonetisation.
The CBI in its preliminary enquiry (PE) says that the ministry of finance had communicated in a letter dated October 17 2007 about a search-and-seizure operation. This letter had gone in before MCX-SX was recognized as an exchange.
Former RBI governor Bimal Jalan said that as a citizen he feels more emphasis should be given on growth and investment now.
After a board meeting, the MCX Stock Exchange (MCX-SX) announced that FTIL and MCX have been re-classified from the category of promoter shareholder to public shareholder.
CNBC-TV18 reported quoting sources that Central Bureau of Investigation (CBI) has registered a preliminary enquiry against former SEBI chairman, Jignesh Shah-led FTIL and MCX, among others.
Given the developments that took place in the run-up to the issue of grant of license, it appeared that the dispensation led by CB Bhave at Sebi was hardly in favour of the MCX group.
Even as the National Spot Exchange Ltd (NSEL) crisis is seen to be engulfing its sister firm, the MCX-SX, the stock exchange -- which is holding a board meeting today -- is trying to portray a picture of normalcy.
CBI is probing the regulator's decision to approve MCX-SX (the currency and equity trading platform of MCX) in 2008 and renew recognition in 2009 and 2010.
According to the CBI, the PE was registered on issues of alleged irregularities in granting sanction to the MCX-SX by Sebi in 2008 and renewing the recognition in 2009 and 2010.
Sebi's scrutiny follows detailed queries shot off by RBI to various regulators in India and abroad as part of its due-diligence of entities seeking to enter banking arena.
The panel will make its recommendations to the Governor and Deputy Governors, who will make the final proposals to the committee of the RBI central board.
New investors will now have to shell out an additional Rs 150 for investment of Rs 10,000 and above in mutual funds, while the existing investors will be charged Rs 100 as transaction fees, reports Mitra Joshi of CNBC-TV18.
SEBI has written to the Department of Economic Affairs (DEA) once again, seeking permission to access call and e-mail records as a tool to track market transactions, report CNBC-TV18's Tanvi shukla and Vidhi Godiawala.
There's a change of guard at SEBI, as UK Sinha takes over the reigns from CB Bhave. The first few challenges ahead of the new chief include bringing interest back to mutual funds. While the industry does not expect a reversal of the entry load ban, Sinha is expected to take measures to boost the mutual fund sector.
He may have championed the cause of investor protection and cracked the whip on erring corporate houses, but SEBI chairman CB Bhave will be best known for giving the mutual fund industry sleepless nights. CNBC-TV18's Tanvi Shukla and Vidhi Godiawala wrap up his three-year term.