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# 799 Daily Money Show | Money Purse Stock Market News
Takeaway
BSE/MCX got Rs 160+ cr regulatory fee shock from SEBI's notional-value interpretation, and Small Finance Banks now have a pathway to convert to Universal Banks.
Summary
- Market: Sensex +941 to 74,671; Nifty +223 to 22,643; midcap +0.60%, smallcap -0.11%, bank nifty +2.54% — financials drove 168 of the 223-point Nifty gain
- ICICI Bank and Axis Bank posted strong results lifting financial sector; US Fed meeting outcome due May 1 night is key trigger for Thursday's movement
- BSE stock fell 13% intraday after SEBI demanded BSE pay regulatory fees based on notional value of option contracts (not premium value) — BSE owes ~Rs 68.64 cr + GST for FY2006-07 to FY2022-23 plus ~Rs 96.30 cr + GST for FY23-24, totaling Rs 160+ cr; similar Rs 143 cr demand on MCX
- ICICI Securities delisting: minority shareholders filed class-action suit at NCLT against the swap ratio (67 ICICI Bank shares for 100 ICICI Securities), saying minority shareholders are losing out; NCLT will list the case soon
- RBI released guidelines for Small Finance Banks to convert to Universal Banks — conditions include 5-year minimum performance track record, listing on stock exchange, Rs 1,000 cr minimum net worth, profitability in last 2 years, gross NPA ≤3% and net NPA ≤1%
BSESEBISmall Finance Banks
Original description
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