CURRENT AFFAIRS : BANKING & FINANCE
SEBI to Enforce One-Hour Trade Settlement by March 2024
- Markets regulator Securities and Exchange Board of India (SEBI), plans to introduce one-hour trade settlements in India by the end of the fiscal year, March 2024 with an aim to significantly reduce the time taken for the settlement of securities transactions.
- SEBI has adopted a roadmap to transition from the current settlement cycle to one-hour settlements, with the ultimate goal of achieving instantaneous settlements in the securities market.
