Sebi proposes mandatory UPI block secondary market for larger brokers

The Securities and Exchange Board of India (Sebi) plans to mandate the UPI block mechanism, also known as the ASBA-like facility, in the secondary market for Qualified Stock Brokers (QSBs).......

Brokers target March-end for secondary mkt ASBA

Investors may have to wait a little longer for Unified Payments Interface (UPI)-based block mechanism in the secondary market even as the market regulator has set the effective launch date as......

T+0 settlement: Sebi for 2-phase implementation

The Securities and Exchange Board of India (Sebi) is contemplating the implementation of a same-day settlement cycle, known as T+0, in two phases. Photograph: Shailesh Andrade/Reuters This is......

Sebi nods ASBA-like facility for secondary mkt

Markets regulator Sebi will put in place a framework for the Application Supported by Blocked Amount (ASBA) facility for investors in secondary market trading, similar to the existing system for......