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This will ensure that issuers have faster access to the capital raised, thereby enhancing the ease of doing business, the market regulator said

The Securities and Exchange Board of India (SEBI) is introducing a supplementary process for trading based on blocked funds in investors' bank accounts.

India's Securities and Exchange Board introduced a supplementary process for trading in the secondary market based on blocked funds in an investor's bank account to block unauthorised trading using investor's money. Similar to the Application Supported by Blocked Amount-like facility available for the primary market, the new facility will be provided by integrating Reserve Bank of India-approved Unified Payments Interface mandate service of a single-block-and-multiple-debits with the secondary market trading and settlement process called UPI block facility. The new facility will become effecti...

With an aim to safeguard investors' money from misuse and default by stock brokers, Sebi on Monday introduced a supplementary process for trading in the secondary market based on blocked funds in an investor's bank account, instead of transferring them upfront to the trading member.

SEBI has tapped into UPI to introduce an Application Supported by Blocked Amount (ASBA)-like service for trading in the secondary market.