SEBI unveils new logo on Its Foundation Day: The Securities and Exchange Board of India (SEBI) revealed its new logo during an event in Mumbai on Sebi Foundation Day. The new logo represents SEBI’s commitment to facilitating economic growth through capital formation, while also incorporating the power of technology and data into policy-making.
April 2023 Current Affairs Quiz
The new Logo of SEBI
The logo retains the traditional blue color palette but also reflects a vision for a modern and prosperous India. Former and present members of SEBI were present at the unveiling ceremony.
SEBI New LOGO
Significance of the new SEBI logo
The new design is intended to represent SEBI’s combination of historic values and its modern, technology-driven approach to its three areas of focus in the securities market: market development, market regulation, and investor protection, according to Madhabi Puri Buch, the Chairperson of SEBI. SEBI’s history is closely tied to significant events in India’s financial markets, such as the Harshad Mehta scam in 1992, which led to the establishment of the SEBI Act. Over time, SEBI has evolved to become more focused on protecting investors and promoting market growth, as reflected in its recent rebranding efforts.
About SEBI:
- SEBI (Securities and Exchange Board of India) is a regulatory body for the securities and commodity market in India.
- It was founded on April 12, 1988, and is wholly controlled by the Ministry of Finance.
- SEBI was given more power and authority with the SEBI Act following the Harshad Mehta scam in 1992.
- SEBI has focused on protecting investors and promoting market growth over the years.
- The organization has rebranded itself as an investor-friendly body.
- SEBI has implemented significant rules and regulations to shape the securities and commodity markets in India.