Sebi calls on banks over non-compliance costs

Author: | Published: 19 Jan 2011

A Securities and Exchange Board of India (Sebi) executive director has called for banks to agree to increased costs for non-compliance.

Speaking at IFLR’s inaugural India Capital Markets Forum in Mumbai, keynote speaker KN Vaidyanathan said if a real, high cost of non-compliance could be agreed upon by banks and regulators it would be...