Securities and Exchange Board of India (Sebi) on Friday relaxed rules governing financial disincentives imposed by the regulator on Market Infrastructure Institutions (MIIs) and individuals for omissions and commissions leading to technical glitches.

The Securities and Exchange Board of India ( SEBI ) announced on Friday that financial penalties for technical glitches will now be imposed solely on Market Infrastructure Institutions (MIIs), such as stock exchanges,

Sebi has eased financial penalties for technical glitches in market infrastructure institutions (MIIs), limiting liability to the MIIs instead of their MDs or CTOs. The new framework aims to promote ease of doing business for MIIs.

India’s capital market regulator has barred Axis Capital Ltd. from acting as a manager for new offerings of debt by Indian companies, the latest crackdown in the country’s securities market.

India's markets regulator on Thursday barred investment bank Axis Capital from acting as a merchant banker for new debt issues for allegedly violating rules, according to an interim order on the regulator's website.

Axis Capital on Friday said it is exploring legal remedies against markets regulator Sebi's order restraining the firm from taking up new assignments as a merchant banker for the debt segment. In a statement,