MUMBAI: Capital market regulator Sebi will meet credit rating agencies this week to explore ways to have quicker access to information on loan defaults by corporates. With the Reserve Bank of India (RBI) having so far refused to share the sensitive information beyond the banking industry, Sebi is keen that all rating agencies take membership of credit information companies (CICs) to obtain default data that banks have to report to CICs.

Amid rising volatility in the domestic stock markets, as gauged by the 30-share barometer Sensex and Nifty, which have shown wild swings over the last week, if response to bouts of global stock sell-off, SEBI Chairman Ajay Tyagi says that the stock market will continue to remain volatile for some more time. India’s stock market opened higher on Monday following a sharp recovery on Wall Street on Friday last week with Dow Industrials rising 330-points and better Q3 earnings by some of the blue-chip companies back home.

RBI Governor Urjit Patel on Saturday said the stock market bubble should not "lead to a very major problem" even has he stressed on the need for the regulators to be cognisant of the risks going forward.

The chief of a large fund house sits late afternoon every day and dutifully pours over the net asset values (NAVs) of his schemes. After scrutinising the returns for the day, he decides on the expense ratios that need to be charged and deducted for each category.

The executive is not alone. In fact, many fund houses, especially those that handle significant institutional money, dabble in what some call "NAV management", which involves adjusting the expenses based on the returns made on the particular day.

With the concept of a universal exchange set to become a reality, the Securities and a Exchange Board of India (Sebi) has finalised norms for allowing mutual funds and portfolio management services to participate in commodity derivatives. The market regulator will be announcing these norms shortly.

Sebi had issued a discussion paper on the subject in first week of December last year.

Markets regulator Sebi's decision to allow mutual fund houses to charge additional expenses from customers from beyond top 30 cities, as against 15 earlier will help in increasing penetration of such products, experts said.

"Sebi is now worried to develop the interiors of B-30 cities.

New Delhi: The government is eyeing Rs 3,000-4000 crore surplus funds lying with market regulator Sebi as part of its exercise to mop up non-tax revenue to bridge the fiscal deficit gap, a senior official has said.

The government has already sought dividend of about Rs 13,000 crore from the Reserve Bank of India for 2016-17.

Mumbai: Large companies may have to compulsorily borrow a fourth of their financing requirements from the bond market and long-term investors may be encouraged to buy A-rated bonds, as part of continuing efforts by the government and regulators to limit the exposure of banks to companies and develop the corporate bond market.

India’s market regulator is weighing options to direct stock exchanges to either stop offering securities-related data feed services to entities trading on bourses abroad, such as the Singapore Stock Exchange (SGX), or levy high additional fees on the traders.

India’s market regulator is likely to tighten net worth norms, introduce new shareholding rules and ease directorship conditions for stock exchanges, depositories and clearing corporations, according to three people aware of the matter.

A five-member panel headed by R. Gandhi, a former deputy governor of the Reserve Bank of India (RBI), is considering these proposals.

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