{"id":839053,"date":"2024-07-31T09:36:17","date_gmt":"2024-07-31T04:06:17","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=839053"},"modified":"2024-07-31T09:37:50","modified_gmt":"2024-07-31T04:07:50","slug":"dont-want-paytm-like-contamination-in-stock-markets-says-sebi-chief","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/31\/dont-want-paytm-like-contamination-in-stock-markets-says-sebi-chief\/","title":{"rendered":"Don&#8217;t want Paytm-like contamination in stock markets, says Sebi chief"},"content":{"rendered":"<p>The Securities and Exchange Board of India (Sebi) opposes delegating the responsibility of conducting know-your-client (KYC) formalities to individual entities due to fears of \u201cPaytm-like contamination\u201d. <\/p>\n<p>In response to a question about centralising KYC across the financial system, Sebi Chairperson Madhabi Puri Buch said, \u201cThe current KYC registration agency (KRA) system is widely acknowledged and robust. If you have a validated KYC by a KRA, you don\u2019t need to repeat the KYC process in the capital markets.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Board of India (Sebi) opposes delegating the responsibility of conducting know-your-client (KYC) formalities to individual entities due to fears of \u201cPaytm-like contamination\u201d. In response to a question about centralising KYC across the financial system, Sebi Chairperson Madhabi Puri Buch said, \u201cThe current KYC registration agency (KRA) system is widely acknowledged and robust. If you have a validated KYC by a KRA, you don\u2019t need to repeat the KYC process in the capital markets.\u201d<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9,34,4],"tags":[],"class_list":["post-839053","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-it-2-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/839053","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=839053"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/839053\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=839053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=839053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=839053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}