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We are targeting insider trading, not individuals: Bajpai

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Janaki KrishnanTamal Bandyopadhyay Mumbai
 Extracts from a free-wheeling interview with Janaki Krishnan and Tamal Bandyopadhyay:

The markets are on a roll. Do you smell a rat?
As a regulator, I cannot comment on market movements. As you all have written Sebi is on high alert. We have a responsibility to maintain and enhance the efficacy of the market and we do it in consultation with the people operating in the market.

It is not as if we are anticipating something or expecting something to happen. If there is anything that is not desirable we are taking note of it immediately. There are two things.

 First, Sebi is proactive and looking at what is happening and what should be taken care of. Then, we are taking action. Our team is so charged with the responsibility that they immediately go about executing whatever decision we take.

 What

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First Published: Oct 02 2003 | 12:00 AM IST

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