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......

Sebi working on new ASBA-like payment system for secondary trades: Buch

The Securities and Exchange Board of India (Sebi) is working on a new payment system for the secondary market, which could prevent brokers from accessing their client funds. Photograph: Kunal......

LIC public offer to remain open for subscription on weekend

LIC public offer will remain open for subscription even on weekend to enable people to participate in the mega IPO of the state-owned insurer. This is perhaps for the first time the special......