The Securities and Exchange Board of India, (SEBI) on July 31, 2024, clarified reports regarding T+0 settlement cycle
NSE released a report highlighting the transformative impact of technology and reforms on Indian capital markets. The report noted that full adoption of the Application Supported by Blocked Amount (ASBA) for secondary markets by retail investors could yield an annual benefit of Rs. 2,800 crore. When asked about making ASBA mandatory, It is clarified that SEBI might propose requiring Qualified Stock Brokers to offer ASBA as an option, while clients would still have the choice to use it. However, this was misreported by some media outlets as SEBI advocating for a mandatory T+0 settlement system.
[Notification No. PR No.15/2024]
