Stock Market: 'Sebi is ready with tech to power 1-hour settlement cycles'
India Business News: MUMBAI: Settlement of stock trades is set to change dramatically by 2024.
Stay updated with breaking news from Application Supported. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
India Business News: MUMBAI: Settlement of stock trades is set to change dramatically by 2024.
The Securities and Exchange Board of India is all set to launch the one-hour trade settlement. Here is a quick introduction to the same.
In this edition of Moneycontrol Pro Panorama: Bear -- the new monster in town, India a preferred investment destination, SEBI’s proposals not equipped to rein in finfluencers, India looks ready to take on larger global role, and more
The proposal, if implemented, will make India the first country in the world to provide such a short settlement cycle.
Technology for one-hour trade settlements already exists and the regulator is confident about the same, says an official