CURRENT AFFAIRS : BANKING & FINANCE
SEBI to expand list of Qualified Institutional Buyer entities in debt market
- Capital markets regulator Securities and Exchange Board of India (SEBI) proposed expanding the definition of qualified institutional buyer (QIB) for investing in debt securities in a bid to increase the supply of funds to the issuers of such securities.
Key Highlights :
- SEBI has proposed to include 10 different categories of entities including multi-State cooperatives with ₹500-crore net worth, Non Banking Financial Companies (NBFCs), housing finance companies, pension funds, small finance banks, reinsurers and refinancing agencies such as Micro Units Development & Refinance Agency (MUDRA) under the definition of qualified institutional investors for investment in debt securities and further develop the debt market.
