Sebi trying to reduce float of ₹4.5 lakh cr lying with intermediaries
Financial Express Bengaluru|December 13, 2024
WITH MEASURES SUCH as T+0 settlement and UPI block mechanism for the secondary market, Sebi is trying to reduce the cash-equivalent collateral of over ₹4.5 lakh crore lying with intermediaries and bring in more transparency, whole-time member Ananth Narayan said on Thursday.
AKSHATA GORDE

Speaking at the India FinTech Forum's IFTA 2024 event, the Sebi official said the regulator was trying to reduce the float with stockbrokers, custodians, clearing corporations and other market intermediaries.

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