Even as millions of new investors enter the capital market, our investor grievance redress system remains broken. Two recent orders that have gone against the Securities and Exchange Board of India (SEBI) expose the frightening state of affairs.
Even as millions of new investors enter the capital market, our investor grievance redress system remains broken. Two recent orders that have gone against the Securities and Exchange Board of India (SEBI) expose the frightening state of affairs.
On 16 October 23, I was surprised to receive a letter from the Reserve Bank of India s (RBI’s) centralised receipt and processing centre (CRPC) acknowledging a complaint that I had ostensibly made against Canara Bank and providing me with a tracking number.