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The Indian capital market has seen a paradigm shift in the last decade, be it in terms of technology in payment and settlement systems, improved regulatory framework or modernized market infrastructure. According to Padmaja Chunduru, MD and CEO of National Securities Depository (NSDL), the Indian capital market as well as the stock market is way ahead of the curve and startups should either list their companies in India or float a portion of shares. the country

Citing the example of T+1 stock settlement mechanism, he said that by October this year, India is going to become the second country after China. Most countries in the world, including the United States, follow the T+2 settlement cycle, which means that securities transactions are settled within two business days of their transaction date.

“The top 500 companies will come to the T+1 regime by October this year and it is happening smoothly. There is no commitment and it is happening through exchanges, depositories and settlement clearing systems,” said Chunduru, while speaking at Fortune India’s 40 Under 40 Awards today.

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