NSE IPO clears final regulatory hurdles, as Sebi chief Tuhin Kanta Pandey says no obstacle remains
India's largest stock exchange, the National Stock Exchange (NSE), has inched closer to its long-pending initial public offering after SEBI Chairman
Tuhin Kanta Pandey
confirmed that there are 'no obstacles' remaining for the bourse to proceed with its plans. The statement marks a critical regulatory green light in a process that has been stalled for nearly a decade.
Speaking at the FE CFO Awards on Friday, Pandey said there is no obstacle that will remain in case of
NSE IPO
, according to ETNow. While he declined to offer a timeline when asked if the IPO could materialise before Diwali, his remarks signal the clearest indication yet that the exchange may soon head to the public markets.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Villa For Sale in Dubai Might Surprise You
Villas in Dubai | Search ads
Learn More
Undo
SEBI has put on hold proposals to separate clearing corporations from stock exchanges, removing a key regulatory hurdle that had previously complicated NSE's path to listing. Pandey indicated that the regulator is comfortable with the current ownership structure and does not view it as a barrier to the IPO. He noted that models for clearing corporation ownership vary globally, while brokers typically own them in the U.S., they operate as separate entities in India.
In addition to receiving regulatory clearance, NSE is currently working through a few pending legal matters. This includes settling certain processes that may involve financial payments and the withdrawal of specific cases. While Pandey acknowledged these ongoing steps, he did not disclose further details on the nature of the settlements or the amounts involved.
The exchange has already paid Rs 640 crore to SEBI in October 2024 to settle a regulatory case, and a Bloomberg report previously said NSE had offered Rs 1,000 crore in a broader settlement proposal to resolve legacy issues.
Live Events
SEBI is expected to form a working group to improve fee transparency and ensure clearer governance independence, moves that are likely to reduce compliance friction as NSE prepares for its IPO. Rather than pursuing sweeping structural reforms, the regulator may now focus on unbundling trading and clearing fees.
NSE's IPO has been in the works since 2016, when the bourse filed draft papers to raise Rs 10,000 crore through an offer for sale of a 22% stake by existing shareholders. Regulatory delays and legal overhangs have kept the process in limbo ever since.
While a definitive timeline is still absent, Pandey's assertion that all major hurdles have now been cleared suggests that NSE's long-awaited public debut may finally be on the horizon.
Also read |
No obstacle will remain in NSE IPO: Sebi Chairman Tuhin Kanta Pandey
(
Disclaimer
: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
an hour ago
- Mint
Tata Capital IPO: Sebi approves confidential DRHP for ₹17,200 crore issue: Report
Tata Capital IPO: Capital market regulator Securities and Exchange Board of India (Sebi) has approved the draft papers for the initial public offering (IPO) of Tata Capital, the non-banking financial company (NBFC) subsidiary of Tata Sons, a report said. Sebi has cleared the NBFC's draft papers for the public issue, which were filed through the confidential route, Economic Times reported, quoting two people familiar with the development. It was earlier reported that the Tata Capital IPO DRHP was filed through the confidential route with the regulator on April 5. With Sebi clearing the DRHP, the proposed ₹ 17,200-crore Tata Capital IPO moves a step closer to launch. Following Sebi's approval, Tata Capital is expected to file an updated draft prospectus publicly on the regulator's website before submitting the final red herring prospectus (RHP) ahead of the IPO launch. The newspaper report also suggests the company could file the RHP in the first week of July. Tata Capital IPO is poised to be one of the largest public issues in India's financial services sector. Tata Capital IPO will comprise a combination of a fresh issue of shares and an offer for sale (OFS) by Tata Sons, which currently holds a 93% stake in the NBFC. Tata Group is targeting a valuation of up to $11 billion for its financial services division, Tata Capital, which may become India's largest IPO this year, Bloomberg in its recent report report. As per the Reserve Bank of India's (RBI) framework, both Tata Sons and Tata Capital are classified as 'upper-layer' NBFCs, requiring them to list by September 2025. This classification entails stricter regulatory oversight and a mandatory public listing within three years. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
an hour ago
- Time of India
SBI Bank CBO Recruitment 2025: Reopen application form for 2900+ posts; apply here
SBI Bank CBO Recruitment 2025: Apply online for 2,964 officer posts by June 30 SBI CBO Recruitment 2025: The State Bank of India (SBI) has reopened the online application process for the recruitment of Circle Based Officers (CBO) under Advertisement No. CRPD/CBO/2025-26/03. This decision follows a recent corrigendum allowing candidates from Arunachal Pradesh and Nagaland, who have passed Class 10 or 12 with English as a subject, to apply under the North East Circle. A total of 2,964 vacancies are on offer, comprising 2,600 regular and 364 backlog posts. Candidates with prior officer-level experience in Scheduled Commercial Banks or Regional Rural Banks are eligible. The revised application window is now open from June 21, 2025 to June 30, 2025. Eligibility criteria and language update for North East Circle In a key update, English has been included as a specified local language for candidates from Arunachal Pradesh and Nagaland. Applicants from these states who have studied and passed English as a subject in Class 10 or 12, and can provide proof via marksheets or certificates, are now eligible to apply for vacancies in the North East Circle. This change has led to the reopening of the registration portal, which remains unchanged in all other terms and conditions. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo Applicants must be graduates and should possess at least two years of experience as officers in any Scheduled Commercial Bank or Regional Rural Bank. The age of the candidate must be between 21 and 30 years as of April 30, 2025. Relaxation in the upper age limit is applicable: 5 years for SC/ST, 3 years for OBC (NCL), and 10 to 15 years for PwBD candidates, depending on category. Selection process and exam pattern The recruitment process includes an Online Test, followed by Screening, Interview, and a Local Language Proficiency Test. Final selection will be based on a weighted ratio of 75:25 between the Online Test and Interview. The Online Test comprises 120 objective-type questions split into English Language (30 marks), Banking Knowledge (40 marks), General Awareness/Economy (30 marks), and Computer Aptitude (20 marks), conducted over two hours. A 30-minute Descriptive Test will follow, including Letter and Essay Writing with a total of 50 marks. There is no negative marking for wrong answers. Salary and application fees The starting basic pay for selected candidates is ?48,480, along with two advance increments. The application fee for General, OBC, and EWS candidates is ?750. SC, ST, and PwBD applicants are exempted from the fee. Step-by-step guide to apply for SBI Bank CBO Recruitment 2025 Step 1: Visit the official SBI Careers website at Step 2: Click on 'Apply Online' under the CBO Recruitment 2025 section. Step 3: Register using a valid email ID and mobile number. Step 4: Fill in the application form and upload required documents: photograph, signature, left thumb impression, handwritten declaration, educational and experience certificates, and ID proof. Step 5: Pay the application fee online, submit the form, and download the confirmation page for future reference. Direct link to apply online for 2,964 SBI Bank CBO 2025 officer posts Eligible candidates are advised to apply only for one Circle and must be proficient in the local language of that Circle unless exempted through academic credentials. Read the official notification here Is your child ready for the careers of tomorrow? Enroll now and take advantage of our early bird offer! Spaces are limited.
Time of India
an hour ago
- Time of India
Report: Public Sector Banks increase market share amid slower credit growth in FY25; regain lending dominance
This is an AI-generated image, used for representational purposes only. Public Sector Banks (PSBs) gained significant market share across lending segments and geographies in FY25 despite overall moderation in bank credit growth, a report by Union Bank of India has revealed. The shift was especially evident in working capital and demand loans, traditionally used by businesses for operational needs, as per news agency ANI. ' Credit growth slowed in FY25 yet PSBs gained market share vis-à-vis PVBs (Private Banks),' the report noted, adding that public sector lenders leveraged their balance sheets more effectively and cautiously, especially as private lenders saw reduced momentum. The Credit-Deposit (CD) ratio of private banks, though elevated due to an earlier credit push, sharply corrected in FY25, indicating a deceleration in fresh disbursements. In contrast, PSBs capitalised on regulatory tightening in the unsecured lending space, particularly targeting retail credit like housing loans, where they emerged as incremental leaders. The report also pointed out a shift in the sectoral distribution of credit. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo Private banks, once dominant in retail disbursements, lost ground due to tighter regulations, allowing PSBs to step in. Remarkably, state-owned banks also posted stronger growth in industrial credit, a segment previously dominated by private lenders. On the geographic front, PSBs saw strong performance in rural and semi-urban areas. Over 60 per cent of incremental credit in semi-urban regions and a significant share in rural belts were secured by public banks. Even in urban and metro areas, where private banks traditionally dominated, PSBs reclaimed some ground lost in FY24. In terms of borrower segmentation, credit to individuals continued its upward trajectory, signalling robust retail banking strength, the report said. The report aligns with broader findings released earlier this month by Boston Consulting Group, which noted that the BFSI sector was undergoing a period of moderate credit growth and profitability pressure. The sector's Net Interest Margins are under pressure amid repo rate cuts and elevated CD ratios, which have intensified the race for low-cost deposits. Despite this, PSU banks posted a 26 per cent year-on-year growth in profit after tax (PAT), outperforming private banks' 8 per cent growth. Deposit growth remained healthy at 11 per cent year-on-year, reaching Rs 229.3 lakh crore, although CASA growth stayed muted. The overall banking sector reported a 12 per cent rise in total net advances and a 13 per cent increase in aggregate credit in FY25, signalling that PSBs' tactical shift and rural resurgence helped them outperform amid macroeconomic headwinds. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
