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of <h1>SEBI Amends BTI Regulations: Non-Scheduled Payments Banks Can Register as Bankers to an Issue with RBI Approval.</h1> The Securities and Exchange Board of India (SEBI) has amended the Bankers to an Issue (BTI) Regulations, 1994, to allow non-scheduled Payments Banks, with prior approval from the Reserve Bank of India, to register as Bankers to an Issue. These banks must meet conditions outlined in the BTI Regulations. Additionally, registered Payments Banks can act as Self-Certified Syndicate Banks, facilitating fund transfers from investors to issuers through investors' savings accounts. This circular, issued under SEBI's regulatory powers, aims to protect investor interests and enhance securities market regulation.
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