Markets in India safe, people shouldn’t panic: Sebi chairman Tuhin Kanta Pandey

Sebi chairman Tuhin Kanta Pandey, in a recent interview, emphasized the safety of Indian markets against the backdrop of global volatility. He outlined Sebi's triple mandate of investment protection, market development, and regulation, focusing on trust, transparency, technology, and teamwork.

Ensuring Market Integrity and Investor Protection

Pandey highlighted the importance of updating conflict of interest norms and simplifying regulations to promote ease of doing business while ensuring market integrity and investor protection. He assured that Sebi is continuously working to eliminate unnecessary micromanagement and adapt to changing contexts.

Robust Systems and Strong Fundamentals

The chairman pointed out the robustness of India's payment and settlement systems, the strong fundamentals of the Indian economy, and the supportive policies of the RBI and the government. He noted that despite global headwinds, India offers unique opportunities for investors.

Surveillance and Future Plans

Sebi's 24x7 surveillance system ensures the market's stability, and plans are underway to introduce new products like energy futures. Pandey also discussed progress on a common KYC across the financial sector and the potential for allowing foreign individuals to invest directly in Indian stock markets.

Combating Misinformation and Promoting Awareness

Addressing the challenge of misinformation, Pandey mentioned Sebi's efforts to take down fraudulent online platforms and fin-fluencers. He stressed the importance of increasing investor awareness to prevent risky investments and promote healthy market participation.