SEBI Mandate for Validated UPI Handles
The Securities and Exchange Board of India (SEBI) announced the introduction of 'Validated UPI Handles' to enhance security for investors.
Key Details of the Initiative
- Effective Date: 1 October 2025.
- Purpose: To ensure secured payments by investors, thereby enhancing investor protection and combating fraud within the securities market.
- Implementation: This measure requires market infrastructure institutions (like stock exchanges, clearing corporations) to facilitate these validated UPI transactions.
Reasoning for SEBI's Role
SEBI, as the primary regulator for the securities market in India, is responsible for protecting the interests of investors and promoting the development of, and regulating the securities market. Introducing measures like 'Validated UPI Handles' falls directly within its mandate to ensure market integrity and safeguard investors from fraudulent activities.
Why Other Options Are Incorrect
- RBI (Reserve Bank of India): While RBI oversees UPI systems broadly, this specific initiative concerning investor payments in the securities market is regulated by SEBI.
- SBI (State Bank of India) & LIC (Life Insurance Corporation): These are financial institutions; they implement regulations but do not set them for the entire securities market in this manner. SEBI is the regulatory body responsible for this announcement.
Important Questions from Financial Organisations
G. Babita Rayudu took charge as an Executive Director for which of the following organisations in January 2020?
Special Economic Zones are being set up by the Government in order to attract:
Which institution is responsible for calculating the GDP of India?
In which income group does India fall on the basis of Gross National Income classified by the World Bank?
With which of the following has India inked a $346 million loan agreement to finance Karnataka State Highways improvement III Project (KSHIP – III)?
