Sebi allows small finance companies to invest in bad debt securities – The Times of India
MUMBAI: Markets regulator Sebi has eased norms for security receipts – issued by asset reconstruction companies (ARCs) to manage bad loans – by allowing smaller finance companies to invest in the financial instruments. Sebi’s outgoing chief Madhabi Puri Buch in a notification on Feb 28, her last day in office, allowed smaller NBFCs and housing…