×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Sebi to form group to decide fate of regional bourses

Sebi to form group to decide fate of regional bourses
PTI
Comment E-mail Print Share
First Published: Fri, Oct 14 2011. 04 55 PM IST

File photo of UK Sinha
File photo of UK Sinha
Updated: Fri, Oct 14 2011. 04 55 PM IST
Kolkata: Market regulator Sebi on Friday said it would soon form a group to decide the fate of regional stock exchanges in the country.
File photo of UK Sinha
“We will set up a group to assess their role in the country’s present financial system and the way they operate. We have to take a call as early as possible,” Sebi chairman U K Sinha said.
Speaking at an interactive session with the Bharat Chamber of Commerce, Sinha said regional bourses are not fulfilling any useful purpose.
There are two options for these local bourses - either integrate them with the mainstream financial system or give them an honourable exit, he said.
Comment E-mail Print Share
First Published: Fri, Oct 14 2011. 04 55 PM IST
More Topics: Sebi | Markets | Bourses | Stock Exchanges | UK Sinha |