As a regulator, Buch said, we cannot afford to have one lakh of Indore-type investment advisors. “I have personally gone through and seen people being driven to suicide because of the bad things that happen in the market.” Citing that a large number of 35% of investment advisors are still not registered with the regulator, she said.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction