Sebi defers norms for loan default disclosure by listed firms Sebi decides to hold further discussions on its proposed norms mandating listed companies to make immediate disclosure about their loan defaults The Securities and Exchange Board of India (Sebi) on Thursday decided to hold further discussions on its proposed norms mandating listed companies to make immediate disclosure about their loan defaults.The new rules were to come into effect initially from October but deferred at that time and a revised proposal was presented before the Sebi board at a meeting. The board, however, decided to defer a decision and felt further discussion was required, the Sebi officials said after the meeting. Earlier, Sebi had put off implementation of its directive “until further notice” that required listed firms to inform exchanges if they default on loan payments to banks and financial institutions, just a day before it was supposed to be implemented on 1 October.Banks had asked for more t