Indian Market Infrastructure among World's Best: Sebi Chairman

Mumbai: As Sebi celebrates its 25 years of existence, chairman UK Sinha says this has been an eventful journey for the capital markets regulator and it has created market infrastructures that are better than those in many other countries, including some most developed economies.

"As far as the past 25 years are concerned, Sebi's journey has been quite challenging. At the same time, this journey has also been something that we at Sebi, the market entities and the entire country should be proud of.

"It has been indeed an eventful journey despite all the challenges put across to us," the Securities and Exchange Board of India (Sebi) chief Upendra Kumar Sinha said in an interview.

"We have been able to tackle all those challenges in an effective manner and the evolution process has been great in all these years," he said.

Sinha is the eighth chairman of Sebi since its inception as an independent regulator in 1988, when the central government headed by then prime minister Rajiv Gandhi decided to give a boost to the stock market activities as part of its economic liberalisation drive.

Prior to Sebi coming into existence, the capital markets were regulated by the Capital Issues (Control) Act of 1947.

"There have been massive changes in the way the market functions and the trading happens. From the use of latest technology to widening of the markets and market activities, a host of eventful changes have taken place.

Also Read:
What Your Bank Is Hiding From You
5 Unusual Ways You Can Borrow Money for Your Business