"For promoting a balanced pan India securities market and in order to bring physical proximity of Sebi offices to the investors and intermediaries, Sebi has decided to open local offices in various parts of the country," the regulator said in a statement. The Patna office was under the administrative control and jurisdiction of Sebi's eastern regional office at Kolkata, it added.
Sebi said that the functions of the Patna office include facilitating the redressal of investor grievances against the listed companies and securities market intermediaries, as also spread investor education and financial literacy. The local office was inaugurated by state Chief Minister Nitish Kumar in the presence of Sebi Chairman UK Sinha and state Finance Minister Abdul Bari Siddiqui.

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