Cannot allow Paytm type contamination in stock markets: Sebi chief

SEBI Chairman Madhabi Puri Buch emphasized the need to prevent contamination in stock markets akin to what happened with Paytm. She warned against scenarios where stock market issues and failures, like those observed with Paytm, might impact investor confidence and market stability. Buch stressed the importance of regulatory vigilance to maintain market integrity and protect investors. She highlighted the critical role of the Securities and Exchange Board of India (SEBI) in enforcing compliance and addressing potential market malpractices to avoid similar problems in the future. This approach aims to ensure a stable and trustworthy investment environment.