Research Paper
SEBI proposes changes to RBI's methodology for household savings data
This story was originally published at 20:00 IST on 4 September 2024
Register to read our real-time news.Informist, Wednesday, Sep 4, 2024
--SEBI releases research paper on household savings via securities mkt
--SEBI: To aid RBI household savings report with granular data on mkt
--SEBI proposes changes in household savings via mkt data methodology
MUMBAI – The Securities and Exchange Board of India today proposed major changes in the computation methodology followed by the Reserve Bank of India in compiling data on household savings through securities markets. SEBI said that RBI, while using estimates or formulas for preparing its statement on flow and stock of financial assets and liabilities of households, does not consider certain segments and products in the Indian securities market.
The securities market regulator said that it will provide granular data to the central bank which can be used for improving "the quality and accuracy of data by capturing the actual values and covering the currently non-included segments/financial instruments in securities market."
While computing household investments in direct equities, RBI uses an estimate of 35% of the primary market issuances covering initial public offers, including offers for sale, follow-on public offers, and rights' issues. SEBI believes that the actual amounts from the primary and secondary markets should be used.
For secondary market data, SEBI said that the daily net investment figures for retail and individual investors can be aggregated for the year to arrive at the annual figures. This can be negative at times, as inferred by data provided by SEBI in the research paper. For instance, individuals net sold 67.36 bln rupees worth of equities in the secondary market in 2022-23 (Apr-Mar) and 546.49 bln rupees in 2023-24. End
Reported by Rajesh Gajra
Edited by Aditya Sakorkar
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (22) 6985-4000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2024. All rights reserved.
To read more please subscribe
Share this Story:
