pnotes

A Securities and Exchange Board of India proposal to tighten the rules for purchase of shares and bonds in Indian companies through the participatory note route took the breath away of the Indian stock market and it suffered its biggest fall in history. So what are these participatory notes...

THE RESERVE BANK OF INDIA does not lose an opportunity to remind the Finance Ministry that the use of Participatory Notes (PN) in the country’s stock market needs to be curbed. Earlier this month, it wrote a letter to North Block suggesting an urgent need to amend the existing regulations on...