Sebi chief Madhabi Puri Buch on Friday said the capital markets regulator is ready to introduce same-day settlement of trades on the stock exchanges by March 2024.
Speaking at the Global Economic Policy Forum 2023 organised by the Confederation of Indian Industry (CII), Buch said, “We are ready to introduce T+0 (T plus zero) settlement trade by the end of the current fiscal”.
The regulator, which has already reduced the settlement timelines to as short as one day after the transaction, is now looking to shorten the same further.
The Sebi chief talked about the T+1 regime that has been implemented in the market. Earlier this year, the country’s stock markets transitioned from T+2 to T+1 settlement, settling trades on the following business day.
“It takes two things to make this happen. First is technology and second is co-creation. We are now moving to T+0 which will happen before the end of this financial year and one year from there we will have instantaneous settlement, which is
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