..............The SEBI Chairman said even as made clear by the RBI Governor, if “we want the country to grow at the pace that we all of us aspire to”, then the “dependence upon bank financing has to come down”. When compared with countries of India’s size or which had grown faster than India, it would show that sources of funding other than bank funding were needed. SEBI’s effort was to tell people to how to do it, he added. Sinha, while cautioning industrialists to apply their mind seriously about entering the capital markets to raise resources, said if entrepreneurs were interested in doing so, it was SEBI’s job to provide the necessary advice/clarifications.........
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