SEBI to address conflict of interest concerns to improve transparency
What's the story
The newly appointed chairman of the Securities and Exchange Board of India (SEBI), Tuhin Kanta Pandey, has vowed to bring more transparency in SEBI's board.
Speaking at Moneycontrol's Global Wealth Summit 2025, Pandey said SEBI will soon unveil a plan to disclose any possible conflicts of interest in its board.
He stressed trust and transparency are key to India's capital market's stability and credibility.
Investor engagement
SEBI's commitment to foreign investors
Pandey also reiterated SEBI's commitment to engage more with FPIs and AIFs. He assured that their concerns will be addressed in a timely manner.
His comments come as his predecessor, Madhabi Puri Buch, is under legal scrutiny.
Recently, the Bombay High Court granted relief to Buch, along with SEBI Whole-Time Member Ashwani Bhatia and BSE Chairman Pramod Agarwal, staying an Anti-corruption Bureau Court order directing the registration of an FIR against them.
Market confidence
SEBI's role in market stability and growth
Pandey also acknowledged a well-regulated market instills confidence among investors, which is vital for continued growth.
He emphasized the role of domestic institutional investors in ensuring market stability during global events impacting FPIs.
SEBI is committed to engaging with FPIs to ease operations and ensure foreign investment continues playing a significant role in India's capital markets.
Pandey also highlighted reforms don't need to be "big bang," but can be achieved through both large and small steps.
Strategic focus
SEBI's focus on key pillars for market growth
Over the last decade, SEBI has assisted Indian companies in raising a whopping ₹2.3 trillion annually from capital markets.
Pandey highlighted the growing participation of domestic investors through mutual funds as a positive trend.
He emphasized that SEBI would continue to focus on four key pillars: Trust, Transparency, Teamwork, and Technology.
This strategy would make the market more efficient and inclusive with a long-term vision for India's growth.