Sebi permits small finance firms to spend money on unhealthy debt securities
MUMBAI: Markets regulator Sebi has eased norms for safety receipts – issued by asset reconstruction firms (ARCs) to handle unhealthy loans – by permitting smaller finance firms to spend money on the monetary devices. Sebi’s outgoing chief Madhabi Puri Buch in a notification on Feb 28, her final day in workplace, allowed smaller NBFCs and…