Jio Financial Services to be out of NSE indices tomorrow
According to an analysis by Nuvama Alternative & Quantitative Research, this may trigger the sale of 105 million shares worth around $325 million (about ₹2,700 crore) by passive funds.
CBDC to cut transaction costs, risks: RBI Dy Guv Rabi Sankar
“Why is the average cost of transaction for retail 6%? It is not (because of) technology, technology can be made”, said Rabi Sankar, at the Global Fintech Festival. “It’s a question of consensus that has to arise globally and a commitment that has to come up on changing these systems (among central banks).”
RBI firmly focused to bring down inflation to 4%
Reserve Bank of India Governor Shaktikanta Das has highlighted the challenge of managing inflation due to frequent supply shocks. He stated that the central bank will respond with policy measures if these shocks persist and become widespread. Despite the recent rise in vegetable prices, the RBI kept the repo rate unchanged in August.
Sebi to introduce one-hour trade settlements soon
“India is the first jurisdiction in the globe that has moved to T+1 settlement (trade plus one day). We are now talking about one-hour settlement and that will be a stepping-stone to instantaneous settlement. And this will be in a reasonably short period of time,” said Buch at the Global Fintech Fest.