SEBI 

• Sebi Proposes Fresh Measures to Tighten Derivative Market Rules to Minimize Risk 
• SEBI Mulls ESOP Relaxations for Startup Founders before IPOs 
• Sebi Publishes Guidelines for Investment Advisers and Research Analysts 

RBI 

• Gold Loan Market Faces Reset Amid New RBI Regulations 
• RBI Relaxes Debt Market Regulations for Foreign Portfolio Investors (FPIs) 
• RBI Directs Banks to Evaluate Effect of New LCR Rules on Lending and Liquidity 
• Banks Net Rs 1 Lakh Crore Profit for the First Time in a Quarter 

In 2025, regulators increased their efforts to reconcile market expansion with systemic stability. SEBI suggested tighter derivative market regulations to reduce excessive risk-taking, updated requirements for investment advisers and research analysts, and discussed ESOP relaxations for startup founders prior to IPOs.

Meanwhile, the RBI implemented measures impacting gold loans, relaxed certain debt market regulations for foreign portfolio investors, and instructed banks to study the impact of new liquidity coverage ratio rules on lending. The banking sector achieved a historic milestone, surpassing ₹1 lakh crore in quarterly net earnings, demonstrating balance-sheet strength.