Kolkata: Market regulator Sebi on Friday said it would soon form a group to decide the fate of regional stock exchanges in the country.
“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.
File photo of UK Sinha
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.