Its latest and significant initiatives is the Application Supported by Blocked Amount (ASBA) facility for secondary market trading. ASBA is a payment mechanism that allows investors to block their funds in their savings accounts instead of transferring the money to the broker’s account during IPO subscriptions. This ensures the safety of investor funds and streamlines the process of applying for shares in an IPO, with a reduction in the time taken for refunds and providing greater liquidity to investors.
Now the ASBA facility can also be applied to secondary market trading, which could result in a real-time settlement process. This method allows investors to block their funds in their accounts while placing an order. Once the order is executed, the funds will remain blocked until the shares are credited to the demat account. Shivanand Pandit tries to find the benefits this approach could offer to investors.
The capital markets regulator, the Securities Exchange Board of India (SEBI), in the last week of March 2023, approved a framework for an Application Supported by Blocked Amount (ASBA)-like facility for trading in the secondary market. The action is seemingly targeted at refining translucency and protection to client funds lying with the stockbrokers. The facility will be discretionary for investors and brokers. The framework will be executed in a phased fashion, to enable a smooth transition in the capital market.
هذه القصة مأخوذة من طبعة June 2023 من Indian Economy & Market.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة June 2023 من Indian Economy & Market.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
NEW INVESTMENT PRODUCT CATEGORY IS SEBI'S LATEST MOVE COMMENDABLE?
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Until the 2014 Lok Sabha elections, when the Bharatiya Janata Party secured 282 seats and Narendra Modi ascended to power, India experienced 21 years of coalition governments. A decade later, the BJP holds 240 seats in the Lok Sabha, and India is once again governed by a coalition. Fitch has indicated that coalition politics and a weakened mandate for the NDA could hinder the passage of ambitious reform legislation. It raises the question: Do coalition governments impede the economic reform agenda?
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With a rising number of millennials, Gen Z investors, and tech-savvy traditional investors, Robo advisors are making a significant impact on the FinTech and WealthTech sectors. Factors like growing per capita income, favourable demographics, and increasing smartphone and internet Usage further enhance India’s potential as a robust market. Al’s role in stock market analysis is unquestionably growing. It enhances rather than replaces human judgment, providing powerful tools for informed investment decisions.
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Face to Face
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Standard Capital Markets Ltd. Incorporates Subsidiary for Insurance Broking
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