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"Onboarding of new customers by Paytm Payments Bank Ltd will be subject to specific permission to be granted by RBI after reviewing report of the IT auditors. This action is based on certain material supervisory concerns observed in the bank," the RBI said.

The board of directors of the bank on April 24, 2021, had approved fund raising through issuance of debt securities.

The orders came after Sebi observed large scale reversal trades in the stock options segment of BSE, leading to the creation of artificial volume in the segment.

Spokespersons for the government and the Reserve Bank of India were not immediately able to comment, while representatives of SBI and UCO didn’t immediately respond.

Nifty is still trading below its 20-day SMA and is maintaining a lower top formation on daily charts.

“We are seeing of late that there is an anti ESG trade playing out. Coal companies, energy companies and even defence companies are doing quite well in an environment where the markets are quite volatile. Given how the trade is shifting, it is very difficult at these depressed valuations to be bearish on a name like ITC or even a sector like that.”

Among the suggestions put forward by market participants was for the government and the RBI to avoid front-loading the borrowing programme to the extent that is normally done.

The tribunal noted that Dish TV has already disclosed the voting results of the AGM to both the stock exchanges -- BSE and NSE. Consequently, the challenge of this direction by the company in this appeal has become "infructuous".

LIC had, on February 13, filed the draft red herring prospectus (DRHP) for LIC IPO. Earlier this week, Sebi gave approval to the draft papers, paving the way for the share sale.

​After gyrating nearly 800 points, the 30-share pack Sensex rose 86 points or 0.15% to close with marginal gains at 55,550.30.