DHFL, IL&FS aftermath: RBI and Sebi join hands to calm volatile markets2 min read . Updated: 23 Sep 2018, 11:00 PM IST
RBI and Sebi's move to calm investors comes after Sensex crashed nearly 1,500 points over a rumoured default by DHFL and uncertainty surrounding the future of IL&FS
Mumbai: India’s banking and markets regulators issued a rare joint statement late on Sunday, stating that they are closely monitoring the financial markets and will take appropriate steps, if required, to ensure their smooth functioning. “The Reserve Bank of India and the Securities and Exchange Board of India are closely monitoring recent developments in financial markets and are ready to take appropriate actions, if necessary," the statement said.
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