Existing rules for block deals were framed in 2017 and required tweaks due to increase in market size and other developments. Sebi had formed a working group which has shared its recommendations.
The working group has recommended maintaining the present corridor system with call money rate as the target rate.
The report is a recommendation given by a working group, so it is not yet the law. The priority sector used to take away 40 percent of the total loans given and there is a status quo over that.
Top officials from India and the US are holding a series of meetings here to strengthen collaboration in the energy sector with special focus on mobilising clean and affordable sources for their requirements.
A group of UN experts is warning of an alarming resurgence in the use of mercenaries around the world.
Speaking to CNBC-TV18, R Shridhar, managing director of Shriram Transport Finance pointed out that the new norms will call for a change in the recovery practices of getting back loans given, followed by the companies.