🔴 SEBI UPDATE ON T+0 settlement 🔴 - SEBI introduces beta version of T+0 settlement for equity cash segment - Initial rollout targets 25 scrips and limited number of brokers - Trading hours set from 9:15 am to 1:30 pm - Launch approved at SEBI board meeting on March 15, effective from March 28 - Aimed at enhancing clearing and settlement timelines with evolving technology - Depository ecosystem enables immediate transfer of securities - India's payments system allows real-time fund transfers - Shortened settlement cycle to enhance cost and time efficiency, transparency in charges, and strengthen risk management at clearing corporations.
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