Sebi using Artificial Intelligence for investigations, says official | India Business News

Feb24,2024



New Delhi: Security Exchange Board of India (SEBI) is being used artificial intelligence (AI) for this INVESTIGATIONSKamlesh Chandra Varshney, whole-time member of the body, said on Saturday.
Varshney emphasized that units, should take care technological advances,
Referring to examples of stock market manipulationVarshney said obey the law Would be more beneficial and violation would cause trouble.
When asked if SEBI was using AI, Varshney said, “We are using AI for investigation… and for many other things as well.”
He was speaking on the sidelines of the 13th international conference of the Association of National Exchanges Members of India (ANMI) in the national capital.
He said, as long as the market is transparent and no manipulation is taking place, it is fine for the regulator.
The Securities and Exchange Board of India (SEBI) is also taking measures to increase transparency and curb wrongdoings along with taking action against violators.


(With PTI inputs)



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