The eagerly awaited T+0 settlement cycle in the Indian capital markets became operational on 28 March, albeit on an optional basis, after the Securities and Exchange Board of India (Sebi) board approved a pilot. For now, T+0 settlement will run parallel to the existing T+1 settlement cycle in the equity cash segment. Sebi will assess the pilot after three and six months.
Open FlipThe Gujarat high court on Wednesday ordered the state govt to take possession of Surat’s Agriculture Produce Market Committee’s (APMC) five-star hotel constructed on the market yard’s land. It also ordered a public auction of the property and directed authorities to deposit the amount to state’s market funds.
Open FlipBanks reported a moderate growth in personal loans at 18.1 percent on a year-on-year (YoY) basis in February 2024 compared to 20.6 percent due to decelerated growth in vehicle loans and other personal loans, according to the latest Reserve Bank of India (RBI) data. At the same time, credit growth to agriculture and allied activities remained robust at 20.1 per cent on a YoY basis in February 2024.
Open Flip