India's markets regulator on Wednesday proposed changes to the regulatory framework for custodians, including doubling their minimum net worth requirement.

Sebi's consultation paper proposes raising custodians' net worth to ₹100 crore from ₹50 crore and introduces a Business Continuity Planning framework. These changes aim to enhance regulatory oversight and operational stability for custodians,

The regulator has released a consultation paper on the need for a review, given the larger role custodians have come to play in the market