Sebi tightens screws on merchant bankers with phased net-worth requirements, liquidity norms
Market regulator Securities and Exchange Board of India (Sebi) on Friday set out a phased rollout of a new net worth requirement for existing merchant bankers (MBs). The framework, part of amendments to the Sebi (Merchant Bankers) Regulations, 1992, will come into effect from January 3, 2026, with staggered compliance timelines for existing entities In…