SEBI Imposes Stricter Merchant Banker Regulations

SEBI, the stock market regulator in India, has made new rules for merchant bankers, which are companies that help other companies raise money by issuing shares.

These new rules will be introduced in phases starting from January 3, 2026.

Merchant bankers will need to have more money in their bank accounts and follow stricter rules about how they do their business.

They will also need to have special officers to make sure they follow the rules and their employees will need to pass certain exams.

If they don't follow these rules, they might lose their license to operate.

The goal is to make the stock market safer and more reliable for everyone.