
Speaking on the sidelines of the IMC Capital Markets Conference at the NSE, Pandey said both regulators have a “valid rationale” for not being favourably inclined towards the segment
MCX shares fell after SEBI signalled that banks and insurers are unlikely to be allowed into commodity derivatives. SEBI chief Tuhin Kanta Pandey said the regulator won’t push the proposal with Reserve Bank of India.

RBI and IRDAI oppose allowing banks and insurers to invest in commodity derivatives, impacting MCX shares negatively.
India's markets regulator, SEBI, will not permit banks and insurance companies to invest in commodity derivatives, according to its chairman. While SEBI had previously explored enabling pension funds to trade commodities, a decision remains undisclosed. The a…