The logo of the Securities and Exchange Board of India (SEBI) is seen on the facade of its headquarters building in Mumbai, March 1, 2017. REUTERS/Shailesh Andrade/Files Courtesy: Reuters
24 August 2017

India’s capital markets at 70

India’s equity markets are a success story in the country’s 70th year of independence, and there are two prominent state institutions responsible for this, the Securities and Exchange Board of India and the National Stock Exchange. SEBI has played an extraordinary role in bringing in market efficiency, but as the equity market regulator, it must have the corporate surveillance function as well