Sebi Developing LLM to Speed Up Approvals
By Rediff Money Desk, Mumbai Dec 17, 2024 16:19
Sebi is training a large language model (LLM) to reduce processing times for fresh funds and schemes. The regulator aims to cut approval times to under a month.

Mumbai, Dec 18 (PTI) Capital markets regulator Sebi is training a large language model (LLM) to further cut processing times on approval requirements, whole time member Ananth Narayan G said on Tuesday.
"We are actually starting to train an in-house LLM in Sebi to process, so that the processing times for fresh funds and fresh schemes can come down dramatically," Narayan said, addressing a CII event here.
LLMs are advanced AI systems designed to understand and generate human language. They use deep learning techniques and are trained on massive amounts of text data, allowing them to perform tasks like writing, summarizing, and translating text.
While efforts to deploy AI and machine learning are on in all sectors, this may be the first time that a financial regulator in the country would have disclosed specific efforts like developing an LLM.
Narayan said Sebi has already reduced the time taken for processing applications for clearance on mutual fund schemes and initial public offerings to less than three months, and aims to reduce it further to under a month.
The trained LLM will make it "easier" and "scientific" to achieve the target of reducing the processing times, he said.
"The training is already underway and the effect should show up soon," he said.
"We are actually starting to train an in-house LLM in Sebi to process, so that the processing times for fresh funds and fresh schemes can come down dramatically," Narayan said, addressing a CII event here.
LLMs are advanced AI systems designed to understand and generate human language. They use deep learning techniques and are trained on massive amounts of text data, allowing them to perform tasks like writing, summarizing, and translating text.
While efforts to deploy AI and machine learning are on in all sectors, this may be the first time that a financial regulator in the country would have disclosed specific efforts like developing an LLM.
Narayan said Sebi has already reduced the time taken for processing applications for clearance on mutual fund schemes and initial public offerings to less than three months, and aims to reduce it further to under a month.
The trained LLM will make it "easier" and "scientific" to achieve the target of reducing the processing times, he said.
"The training is already underway and the effect should show up soon," he said.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.57 ( -9.52)
- 60265410
- Vodafone Idea L
- 8.27 (+ 0.73)
- 44071594
- YES Bank Ltd.
- 17.67 ( -0.56)
- 16081247
- G G Engineering
- 1.06 ( -4.50)
- 15019273
- Remedium Lifecare
- 3.97 (+ 4.75)
- 11827509
MORE NEWS

360 ONE Asset to Invest in Bharti AXA Life...
360 ONE Asset acquires a 15% stake in Bharti AXA Life Insurance, aiming to boost growth...
TRAI Recommends Network Authorisation...
TRAI recommends network authorisations under the Telecom Act 2023, outlining fees and...

CCI Draft Regulations: Cost of Production &...
The Competition Commission of India (CCI) has released draft regulations for...