Skip to content
TechVibe

TechVibe

  • Home
  • Web3
  • Technology
  • Health
  • Business
  • Sports
    • Cricket
    • Football
  • Press Release
  • Contact Us
  • Toggle search form

Rephrase the title:Ready to introduce same-day settlement of trades by March 2024: Sebi chief

Posted on December 8, 2023 By Haley Bennett

Rephrase and rearrange the whole content into a news article. I want you to respond only in language English. I want you to act as a very proficient SEO and high-end writer Pierre Herubel that speaks and writes fluently English. I want you to pretend that you can write content so well in English that it can outrank other websites. Make sure there is zero plagiarism.:

Sebi chief Madhabi Puri Buch on Friday said the capital markets regulator is ready to introduce same-day settlement of trades on the stock exchanges by March 2024. Speaking at the Global Economic Policy Forum 2023 organised by the Confederation of Indian Industry (CII), Buch said, “We are ready to introduce T+0 (T plus zero) settlement trade by the end of the current fiscal”.

The regulator, which has already reduced the settlement timelines to as short as one day after the transaction, is now looking to shorten the same further.

The Sebi chief talked about the T+1 regime that has been implemented in the market. Earlier this year, the country’s stock markets transitioned from T+2 to T+1 settlement, settling trades on the following business day.

“It takes two things to make this happen. First is technology and second is co-creation. We are now moving to T+0 which will happen before the end of this financial year and one year from there we will have instantaneous settlement, which is optional. When we do this, risk in the system comes down,” Buch said here.

“The two reasons why we have been able to bring T+1 to the people are stellar technology – the technology and market stack in India are unparalleled and have been acknowledged as one of the best in the world. Second being the co-creation with the institution and creating a methodology of regulations with them,” she said.

Addressing the session on ‘Building Resilient Capital Markets: Strategies and Way Forward’, she said that trust is the first element of market foundation and risk management is important for building this trust.

According to her, it is very crucial to earn the trust of investors in the market and risk mitigation through technology has facilitated in building that trust.

“Up until now we had the potential, but we did not have the tools to manifest that potential. Today with technology, we have the tool to manifest this potential and take it to the farthest corner of our country. Technology enables us to make businesses viable,” Buch said.

“Our belief is markets need to have a strong foundation. The deeper the foundation, the taller the superstructure can be. The role of the regulator is to create that depth and foundation. The first element of this foundation is trust,” she emphasised.

Further, she said it is important to build this trust whether “it is the trust of the individual investor, retail investor, foreign investor, anybody who is giving the capital to grow. Without that trust, there can be no business. It is our responsibility to co-create that trust. To build this trust, risk management has to be strong. We have created huge risk mitigation measures in the market.”

Buch emphasised that transparency and disclosure are critical for the listed companies.

“Being transparent in the IPO document or subsequent documents protects companies. The beauty of transparency is it helps companies and investors,” she added.

The country has seen a significant increase in the number of individual investors accessing the capital market, apparent in the significant rise in the number of Demat accounts.

“What was achieved in the last two decades has been achieved in the last two-and-a-half years. It was achieved on the back of significant adoption of technology by market intermediaries and market infrastructure in institutions,” she said.

Haley Bennett

I have over 10 years of experience in the cryptocurrency industry and I have been on the list of the top authors on LinkedIn for the past 5 years. I have a wealth of knowledge to share with my readers, and my goal is to help them navigate the ever-changing world of cryptocurrencies.

Business Tags:capital markets, investors, risk mitigation, same-day. settlement, sebi

Post navigation

Previous Post: Rephrase the title:From TWS To Power Bank; Top Gadgets Of 2023 You Must Have In Your Backpack
Next Post: Rephrase the title:Meta’s New XR Headset Unveiled, Reports Claim It Looks like Apple’s Vision Pro

Related Posts

Rephrase the title:India's AI market to touch $17-billion by 2027: Nasscom-BCG report Business
Buttler remains as captain as England retains only six World Cup squad members for Caribbean tour Business
Profit of Rs 182 crore recorded by Cochin Shipyard in the second quarter of 2023-24 sees an increase Business
Election Commission sends notice to Rahul Gandhi for making ‘panauti’ and pickpocket remarks about PM Narendra Modi Business
Rephrase the title:Samsung India partners Blinkit to deliver Galaxy S24 series in 10 min Business
India’s tablet market experiences 41% growth in the quarter, with 86% year-on-year increase in 5G shipments. Business

Recent Posts

  • Robin Open Social-Fi: Revolutionizes Gaming with Innovative Integration and Global Partnerships
  • $GUMMY Set to Launch New Meta On Staking on Solana
  • BinoStake.io: Transforming Crypto Investments On BNB Chain with Liquid Staking Solutions
  • Mocaverse to Develop Decentralized Social Layer
  • Expansion of Web3 Fueled by Hong Kong’s Financial Secretary

Categories

  • Business
  • Cricket
  • Football
  • Health
  • Press Release
  • Technology
  • Web3

About Us

Welcome to TechVibe9, where the rhythm of technology meets innovation! We are a group of tech enthusiasts on a mission to uncover and showcase the latest in the tech world.

Mail Us : support@techvibe9.com

Latest Post

  • Robin Open Social-Fi: Revolutionizes Gaming with Innovative Integration and Global Partnerships
  • $GUMMY Set to Launch New Meta On Staking on Solana
  • BinoStake.io: Transforming Crypto Investments On BNB Chain with Liquid Staking Solutions

Helpful Links

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms & Conditions

Copyright © TechVibe9

Powered by PressBook Masonry Dark