Same day settlement takes off to a tepid start
Currently the same-day settlement stocks are traded from 9:15 am to 13:30 pm while the normal market runs from 9:15 am to 15:30 pm .
Source: livemint.com
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Sebi: Same-day settlement can be optional
India Business News: Sebi proposes concurrent presence of T+1 and T+0 settlement systems in the stock market to be replaced by an instant settlement system. A price band o
Source: indiatimes.com
India: India moving towards T+0 for market settlement before end-FY24: Sebi chief
Currently trades in India are settled in "T+1" or one day after the trades are initiated. T+0 would mean settlements in the same day and instant settlement would ensure trades are settled immediately.
Source: indiatimes.com
HiPipo Announces Winners of the 2023 Women in FinTech Hackathon
After a long week of solutions ideation and development from 30 teams, HiPipo announced the winners of the 2023 HiPipo Women in FinTech Hackathon
Source: pctechmag.com
Kotak Mahindra Bank introduces same day settlement for merchants; Stock gains near 2%
Shorter settlement period will improve cash flows and liquidity for businesses.
Source: indiainfoline.com