Revised custodian norms: Sebi hikes net worth requirement for custodians to Rs 75 crore; mandates stronger risk controls

Sebi is increasing the minimum net worth for custodians to Rs 75 crore. This move aims to bolster risk management and protect investor interests. Existing custodians have three years to comply with the new rule. Sebi also outlines responsibilities for custodians. These include governance, risk management, and preventing unfair competition.