Capital markets regulator Sebi on Monday said it is in consultations with the Reserve Bank of India on regulations around wilful loan defaulters and will be finalising norms on the same soon. ‘We are in consultation with the Reserve Bank of India for finalising the wilful defaulter regulations,’ Securities and Exchange Board of India (Sebi) Chairman U K Sinha said on the sidelines of an event at the BSE.
The banking watchdog has reportedly been mulling a ban on capital raising activities by such entities.
The banking watchdog has reportedly been mulling a ban on capital raising activities by such entities.