ASHWANI BHATIA

NSEL case: Sebi cancels registration of Nirmal Bang Commodities

​Capital markets regulator Sebi on Wednesday cancelled the registration of brokerage house Nirmal Bang Commodities for facilitating its clients to trade in illegal 'paired contracts' on the now defunct National Spot Exchange Ltd.

SAT expects rigorous probe, very difficult to catch fin influencers: Ashwani Bhatia

Bhatia said the capital markets regulator has done one case of a financial influencer since coming out with the guidelines earlier this year and termed it as a "very, very big achievement".

India's growth needs to be in tandem with sustainable economy: Sebi's Ashwani Bhatia

"The Indian economy is at a stage of rapid growth. However, this growth needs to be accompanied with the transition to a sustainable economy. As regulators, we are putting in place holistic regulatory framework covering aspects of financing or disclosures and transparency," Ashwani Bhatia said.

ACME, IGL ink initial pact to explore business avenues in Green Hydrogen

The companies will also work together to explore the opportunity of setting up hydrogen generation plants including setting up electrolyzers to blend Green Hydrogen in IGL's existing pipeline networks supplying gas to households, industrial & commercial set ups and CNG for vehicles.

NSEL scam: Sebi bans 5 commodity brokers for up to 6 months

In 2019, Sebi had rejected the registration application submitted by these brokers on the grounds that they had failed to satisfy the 'fit and proper person' criteria. Following the Sebi order, these brokers moved the Securities Appellate Tribunal (SAT), which set aside the Sebi order and remanded the matter back to Sebi for fresh consideration.

Sebi mulls farmework for market making to deepen bond markets

Compared to this, the current outstanding stock of government securities is Rs 84.71 lakh crore across 100 instruments as of June 2022 while trading volume in G-Secs was Rs 126.6 lakh crore in FY22 which is about seven-times of the trading in corporate bonds.

Sebi bars Securekloud Technologies, 3 individuals from securities markets

"I note that the facts of the case prima facie show that there has been a massive falsification of the books of accounts of the company and that the company has been publishing false and manipulated financial statements showing inflated revenue/profitability," Sebi Whole Time Member Ashwani Bhatia said in the order passed on Thursday.

Ashwani Bhatia takes charge as Sebi whole-time member

Bhatia will be the third whole-time member on the Sebi board along with SK Mohanty and Ananta Barua. The positions of two whole-time members fell vacant after the tenures of G Mahalingam and Madhabi Puri Buch ended last year.

SBI MD Ashwani Bhatia appointed Sebi member

Bhatia, who is currently the managing director — stressed assets and information technology at State Bank of India, has been appointed for a period of three years.

SBI MF issue to come when market is favourable: Ashwani Bhatia

“ Though the process has started and all the paperwork has begun, SBI MF issue will come when we think that the timing is good, the market is favourable and we will get the right valuation. Before that, we will not go to the market. This is just to say that we are in no hurry. We do not need capital at the moment.”

SBI MF listing likely in first half of FY23: Ashwani Bhatia

The mutual fund industry will be growing far more than the banking industry, says the SBI Managing Director.

SBI to take steps to insulate bank's balance sheets from stress in telecom firms: Dinesh Khara

“We will have to wait and watch till the final verdict comes but nevertheless we have to ensure that we adopt all possible steps to insulate the balance sheet from any potential threat,” said Dinesh Khara, chairman, State Bank of India.

Things will only look up from here, both for economy and SBI: Ashwani Bhatia, MD, SBI

"The liquidity is there, demand is there. Once the economy opens up, it will all come back into one month in one quarter. There is going to be revenge travelling, revenge holidaying, revenge journeys, revenge eating-out. So things look quite okay on the macro side."

Believe that 10% credit growth is achievable: Ashwani Bhatia, SBI

"When we talk about the corporate book, it is more a function of how the economy is doing. Assuming that the retail book will remain robust, we are actually already seeing a decent number of enquiries coming in."

No stress from retail business: SBI MD

SBI MF likely to be listed in Q1 of FY23, says SBI MD

SBI finds Citi’s consumer business attractive and to look at parts of business.

Development of yield curve, other measures by RBI to help market in a big way: Ashwani Bhatia

“As the second Covid wave has hit us in a very significant manner in the last 15 days, some caution is warranted on the inflation front.”

Sebi norms on AT1 & tier 2 bonds to take away investor confidence: Ashwani Bhatia, SBI

The only issue is the pricing and that will be very problematic for the industry and it will actually take away confidence from the investors, says the SBI MD.

Government-RBI jugalbandi playing out well, says SBI MD

NBFCs play a very critical role as far as the economy is concerned and maybe banks are better at passing on liquidity, says Ashwani Bhatia

Budget very forward looking, interest rates will stabilise in coming days: Ashwani Bhatia, SBI

Investors need not worry as much as they did in 2008: SBI MD

Ashwani Bhatia takes charge as State Bank of India's managing director

Prior to this, Bhatia was the managing director and CEO of SBI Funds Management. Before joining SBI Funds Management, he was working as chief general manager, corporate centre in SBI, where he was responsible for revamping the credit structure and processes of the bank.

For mutual fund industry, it's back to basics

The more than 18-month-old credit crisis began with IL&FS’ default in late 2018, and has hindered recovery in an economy grappling with slowing economic growth.