Deena Mehta, former president of BSE and now heading the capital markets committee of the Indian Merchant’s Chamber, said the government’s proposed massive disinvestment programme of Rs 60-70,000 crore could be used to encourage retail investors to participate in the equity markets.
Talking to this newspaper, she said the number of demat accounts can be increased in one stroke to 10 crore through Aadhaar, which covers 12 crore people. The KYC details are available through Aadhaar and banks and
if there is a Jan Sanchaya Yogna (Custody of Assets) like the Prime Minister’s Jan Dhan Yogna, it would
facilitate the retail participation in the equity and debt markets.
if there is a Jan Sanchaya Yogna (Custody of Assets) like the Prime Minister’s Jan Dhan Yogna, it would
facilitate the retail participation in the equity and debt markets.
This can also be linked to the G-sec markets since the government wants to encourage retail participation in
the G-sec market. She said “banks are excessively invested in government bonds throu-gh the SLR.Ms Mehta said Sebi could take the initiative to tell the Aadhaar authorities to give its data to the banks and it would open demat accounts. Once this done, the investors can go to the brokers or the bank to get them activated and give whatever additional information is needed. She said that Sebi does seem positive about this.
the G-sec market. She said “banks are excessively invested in government bonds throu-gh the SLR.Ms Mehta said Sebi could take the initiative to tell the Aadhaar authorities to give its data to the banks and it would open demat accounts. Once this done, the investors can go to the brokers or the bank to get them activated and give whatever additional information is needed. She said that Sebi does seem positive about this.