New Delhi: Finance Minister Pranab Mukherjee on Saturday asked capital markets regulator SEBI to diligently protect the interest of retail investors.
"He (the Finance Minister) has directed us to be very careful towards protecting interest of small investors and also work towards market regulation and development," SEBI Chairman UK Sinha told after a board meeting.
The meeting was chaired by Mukherjee. The board discussed the future agenda and expectations of the government from SEBI on policy fronts, he added.
Patting SEBI for the work being done for investors' protection, Mukherjee said, "They are moving in the correct direction and I am quite confident that SEBI will not only be able to fulfil its mandated objectives but it will... strengthen the capital market".
Sinha further said that the Board has assured the minister that it will be working toward policy objective which the government has given to the market regulators.